III2 - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources - MetaTrader 5 Resources

Oscillator Intraday Strength Index as a histogram with signal lines.

It has two configurable parameters:

II = 100*average/average volume signal = SMA(II, signal period)
Average = SMA (Volume, Strength Period)
AvgVol = SMA (Volume, Strength Period)
Trading volume = Trading volume * (2* closing price - highest price - lowest price) / (highest price - lowest price)
 Attachment download
 📎 iii2.mq5 (11.54 KB)
 Source: MQL5 #21323
III2 - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
 III2 - MetaTrader 5 Script | Trading Script Download - MT4/MT5 resources are trading script related resources. 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.