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Intraday Intensity Index for Amibroker (AFL)
Rating:
2 / 5 (Votes 5)
Tags:
oscillator, amibroker
Intraday Intensity index
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Indicator / Formula
Copy & Paste Friendly
_SECTION_BEGIN("Intraday Intensity Index");
V_a=IIf(C>(L+(H-L)*2/3),V,IIf(C<(L+(H-L)*1/3),-V,0));
Cum(V_a);
Plot( Cum(V_a), "cummulative volume", colorBlue,style=1 );
Period = Param("Period", 10, 1, 300, 1, 10 );
Plot( EMA(Cum(V_a),Period), _DEFAULT_NAME(), colorRed, ParamStyle("Style") );
_SECTION_END();
2 comments
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My rating 5.
Great Indicator, can also use to gause trend strength. Attaching this to a price chart gives great clarity on trend.
Thans a lot for sharing
viswanath
Hi,
How does this work. It just shoes zero values???