Intraday Intensity Index

DEFINITION of 'Intraday Intensity Index'

A volume based indicator that depicts the flow of funds for a security according to where it closes in its high and low range. Calculated as:

Intraday Intensity Index

BREAKING DOWN 'Intraday Intensity Index'

This indicator was developed by Dave Bostian. Its goal is to track the activity of institutional block traders.

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