Hi everyone,
i am not able to programme metatrader. Can you write this indicator for metatrader? It is very useful if you use it with Bollinger Bands..very very interesting. Maybe the best indicator for volume, my opinion!!!!!!!!))))

The formula is: IIstd = Sum21 ((2C-H-L)/(H-L))xV
C=close
H=high
L=low
V=volume

It would be better to havealso the normalized version of this indicator, to have cleaner signals
IInorm = (IIstd / Sum21 V) x 100
V=volume

If you want to see the charts of these indicators, go to this link, unfortunatly it is italian, but you'll see how it is interesting, above all the normalized version of this indicator.
Thanks for help
Good trading for everyone

Trading Professionale - Intraday Intensity

This is the link, ya forgot it

//+------------------------------------------------------------------+
//| Accumulation.mq4 |
//| Copyright © 2005, MetaQuotes Software Corp. |
//| Forex Trading Software: Forex Trading Platform MetaTrader 4 |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2005, MetaQuotes Software Corp."
#property link "http://www.metaquotes.net/"

#property indicator_separate_window
#property indicator_buffers 1
#property indicator_color1 LightSeaGreen
//---- buffers
double ExtMapBuffer1[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
IndicatorShortName("IIstd");
//---- indicators
SetIndexStyle(0,DRAW_LINE);
SetIndexBuffer(0,ExtMapBuffer1);
//----
return(0);
}
//+------------------------------------------------------------------+
//| Intraday Intensity |
//+------------------------------------------------------------------+
int start()
{
int i,counted_bars=IndicatorCounted();
//----
i=Bars-counted_bars-1;
while(i>=0)
{


double high =iHigh(0,PERIOD_D1,i);
double low =iLow(0,PERIOD_D1,i);
double open =iOpen(0,PERIOD_D1,i);
double close=iClose(0,PERIOD_D1,i);
ExtMapBuffer1[i]=(2*close-high-low);
if(ExtMapBuffer1[i]!=0)
{
double diff=high-low;
if(0==diff)
ExtMapBuffer1[i]=0;
else
{
ExtMapBuffer1[i]/=diff;
ExtMapBuffer1[i]*=Volume[i];
}
}
if(i<Bars-1) ExtMapBuffer1[i]+=ExtMapBuffer1[i+1];
i--;
}
//----
return(0);
}
//+------------------------------------------------------------------+




This is the code that i got from A/d indicator of metatrader. But how do i have to do to say that i want the calculation of 21 period? Help me please, for a programmer is a joke.. I'm waiting also the normalized indicator, it
is a killer if you associate it with Bollinger Bands. If someone is interested, i'll explain how to use and to develop a good trading system! Please, help, the codes for metatrader!

Hey luca1982

I am VERY interested in using a good system.

I look forward to hear from you

Cheers

Jesperp,
Denmark

here the code....a friend of mine helped me:


Intraday Normalized

//+------------------------------------------------------------------+
//| Accumulation.mq4 |
//| Copyright © 2005, MetaQuotes Software Corp. |
//| Forex Trading Software: Forex Trading Platform MetaTrader 4 |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2005, MetaQuotes Software Corp."
#property link "http://www.metaquotes.net/"

#property indicator_separate_window
#property indicator_buffers 1
#property indicator_color1 LightSeaGreen
//---- buffers
double ExtMapBuffer1[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
IndicatorShortName("Intraday Normalizzato");
//---- indicators
SetIndexStyle(0,DRAW_HISTOGRAM);
SetIndexBuffer(0,ExtMapBuffer1);
//----
return(0);
}
//+------------------------------------------------------------------+
//| Intraday Intensity |
//+------------------------------------------------------------------+
int start()
{
int i,counted_bars=IndicatorCounted();
//----
i=Bars-counted_bars-1;
while(i>=0)
{


double high =High[i];
double low =Low[i];
double open =Open[i];
double close=Close[i];

double std=0;
double SommaVolumi=0;

for (int k=i;k<=i+20;k++)
{

high =High[k];
low =Low[k];
open =Open[k];
close=Close[k];
double calcolo=0;
if((high-low)!=0)
calcolo=((2*close-high-low)/(high-low))*Volume[k];

SommaVolumi=SommaVolumi+Volume[k];
std=std+calcolo;
}



ExtMapBuffer1[i]=(std/SommaVolumi)*100;


i--;
}
//----
return(0);
}
//+------------------------------------------------------------------+







Intraday standard

//+------------------------------------------------------------------+
//| Accumulation.mq4 |
//| Copyright © 2005, MetaQuotes Software Corp. |
//| Forex Trading Software: Forex Trading Platform MetaTrader 4 |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2005, MetaQuotes Software Corp."
#property link "http://www.metaquotes.net/"

#property indicator_separate_window
#property indicator_buffers 1
#property indicator_color1 Black
//---- buffers
double ExtMapBuffer1[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
IndicatorShortName("Intraday Standard");
//---- indicators
SetIndexStyle(0,DRAW_LINE);
SetIndexBuffer(0,ExtMapBuffer1);
//----
return(0);
}
//+------------------------------------------------------------------+
//| Intraday Intensity |
//+------------------------------------------------------------------+
int start()
{
int i,counted_bars=IndicatorCounted();
//----
i=Bars-counted_bars-1;
while(i>=0)
{


double high =High[i];
double low =Low[i];
double open =Open[i];
double close=Close[i];

double std=0;
double SommaVolumi=0;

for (int k=i;k<=i+20;k++)
{

high =High[k];
low =Low[k];
open =Open[k];
close=Close[k];
double calcolo=0;
if((high-low)!=0)
calcolo=((2*close-high-low)/(high-low))*Volume[k];

SommaVolumi=SommaVolumi+Volume[k];
std=std+calcolo;
}



ExtMapBuffer1[i]=std;


i--;
}
//----
return(0);
}
//+----------------------------+

Hey Jesperp....
if you like the trading system of Bollinger...these indicators (Intraday Intensity) are very helpful...Intraday Standard works like A/D...and the normalized version is helpful for reversal...my english is poor...polucshe moi russki))))
look at Bollinger's Theory...
Bye!!!!!!!!!

If someone is interested, i'll explain how to use and to develop a good trading system! Please, help, the codes for metatrader![/quote]

Hi Lucas,

Would it be possible for you to develop how you use the Intraday Intensity with the Bollenger bands.

Thank you

Gerry

Please anyone post some screenshots with this system?!Thanks.

And those two indicators as mq4 code,please.