Intraday Intensity

Intraday Intensity scales each bar's volume by the close's position within the bar (+1 at the high, −1 at the low, 0 at mid-range) to approximate institutional pressure into the close. This build ships both published forms of Intraday Intensity: the normalized II% oscillator, a rolling intensity sum over a rolling volume sum that oscillates around zero, and the original open-ended cumulative line, read by slope against price.

How to Trade the Intraday Intensity?

• II% above zero: bars keep closing near their highs on volume, the accumulation side; sustained readings beat single prints.
• II% below zero: the distribution side; zero-line crossings alert both ways.
• Bullish divergence: a lower low in price against a higher intensity low, quiet-accumulation evidence, never a standalone signal.
• Cumulative mode: rising reads accumulation, falling distribution. The slope carries the information, not the level.

Like the rest of the volume and order-flow studies, it infers pressure rather than measuring executed flow; only movement inside each bar counts, so gaps contribute nothing.

Intraday Intensity Settings

• Display (default Normalized Oscillator (II%)): the bounded oscillator or the original cumulative line.
• Oscillator Length (default 21): window of the rolling sums in the normalized form; no effect on the cumulative line.
• Mark Divergences (default disabled): draws the pivot-to-pivot comparisons; detection always runs and feeds the divergence alerts either way.
• Pivot Lookback (default 5): bars each side to confirm a swing; divergences confirm with that delay and do not repaint.
• Max Bars Between Swings (default 60): the furthest apart two compared swings may sit.
• Gradient Fill (default enabled): applies to the oscillator form only; colors round out the style group.

Frequently Asked Questions

How does it relate to the Accumulation/Distribution Line?

Which display mode should I use?

Why does it require volume data?