Open-source scriptindicator/v1
Intraday Intensity Index
Relate each closing location to its bar range and traded volume.
#intensity#money-flow#volume
Description
The Intraday Intensity Index compares where a bar closes within its high-low range and scales that location by volume. Positive values reflect closes nearer the high and negative values reflect closes nearer the low, with activity affecting magnitude.
Open-source script. Everyone can inspect the source code, use the script on a chart, and save an editable copy.
Release notes
Version history · 1 published version
Version 1CurrentChart updatedIntraday Intensity Index · Aug 31, 2026
Source codempl-2.0View sourceHide source
indicator("Intraday Intensity Index", { overlay: false });
plot(iii(), { title: "III", color: "#00bcd4", type: "histogram" });
hline(0, { title: "Zero", color: "#78909c", style: "dotted" });
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