Intraday Intensity Index
Intraday Intensity Index
A measure of the volume on a security over a given trading day, especially when block traders are heavily involved with it. It is calculated thusly:
Intraday Intensity Index = (2 * close - high - low) / (high - low) * volume
Intraday Intensity Index = (2 * close - high - low) / (high - low) * volume
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