Intraday_Intensity_Open_Form - MetaTrader 5 script
Intraday Strength Open Pattern Indicator.
There are no input parameters.
Strength = previous strength + (2.0 * closing price - high - low) / trading volume
Trading volume = (highest price - lowest price) * trading volume trading volume - tick trading volume
Attachment download
📎 intraday_intensity_open_form.mq5 (5.95 KB)
Source: MQL5 #23121
Intraday_Intensity_Open_Form - MetaTrader 5 script usage and filtering recommendations
Intraday_Intensity_Open_Form - MetaTrader 5 script is a resource related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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