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Intensity Index

This new indicator allows you to know the intensity of the movements of a certain period. It is a powerful indicator with which it is easy to identify trend changes. It should be noted that this indicator is new and it is likely that nothing similar exists, it is also only available in MT.

A high intensity indicates that during the established period the movement of the price in each bar has been of great amplitude, that is to say, that there is a great difference between the opening and closing prices. The intensity is measured in points.


Parameters:

Period: Period in bars for which the intensity is calculated.


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Oleksandr Medviediev
3 (2)
The indicator identifies the harmonic patterns (XABCD) according to developments of H.M.Gartley ( "Profits in the Stock Market" , 1935г). It projects D-point as a point in the perspective projection (specify ProjectionD_Mode = true in the settings). Does not redraw. When a bar of the working timeframe closes, if the identified pattern point has not moved during Patterns_Fractal_Bars bars, an arrow appears on the chart (in the direction of the expected price movement). From this moment on, the ar
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