Description:
The Intraday Intensity Percent (IIP) is a technical analysis indicator designed to measure security’s buying and selling pressure during a specified period. Often referred to as the Money Flow Percent, it provides insight into the accumulation and distribution of a security by analyzing the relationship between price and volume.
Input Parameters:
- Length: The number of periods used in the calculation.
Use Cases:
- Identifying Market Sentiment: A positive IIP value indicates that buying pressure dominates the market, while a negative value signals selling pressure. Monitoring the IIP can help traders identify shifts in sentiment and potential trend reversals.
- Detecting Divergences: If the price of a security rises and the IIP is consistently positive, it suggests that the uptrend is supported by intense buying pressure. Conversely, a falling price accompanied by a consistently negative IIP indicates that the downtrend is driven by selling pressure.
This feature can be used in:
- Market Scanner
- Strategy Tester
- Multi-Factor Alerts
- Smart Checklist
Do you want to learn more? Check out our Learning Center Article.
May 13, 2024