looking for Intraday Momentum Index indicator

[shahab03]

hi there,
wondering if anyone has tried creating Intraday Momentum Index (IMI) Indicator.

I did see another post from Feb 2010 mentioning IMI indicator however response was that it feel like DMI. They may be smiliar but on the chart they appear differently. IMI looks more like RSI and looking for RSI look feel version... hence IMI and not DMI.

Regards

[NinjaTrader_AdamP]

shahab,

Thanks for your note.

Hopefully someone will be willing to help out. If you want this indicator, its possible you could find it among our 3rd party partners, or you can commission it from a NinjaScript consultant.

3rd party partners : http://www.ninjatrader.com/partners#Third-Party-Add-Ons

NinjaScript consultant : http://www.ninjatrader.com/partners#...pt-Consultants

Have a nice weekend!

[VTtrader]

Shahab,

If you mean the Intraday Momentum Index from Tushar Chande, I coded that awhile ago, but I put it up on the Integrated TradingTechnologies website under the free section.

Hope this helps.
VT

[koganam]

hi there,
wondering if anyone has tried creating Intraday Momentum Index (IMI) Indicator.

I did see another post from Feb 2010 mentioning IMI indicator however response was that it feel like DMI. They may be smiliar but on the chart they appear differently. IMI looks more like RSI and looking for RSI look feel version... hence IMI and not DMI.

Regards

What is the indicator? Can you post a link to a description?

[shahab03]

Thanks VTrader. Appreciate it.

[mate41]

Hi koganam,
see Tushar Chande’s book “The New Technical Trader”.

[VTtrader]

My applogies to anyone that downloaded the IMI prior to this post. I pulled it up from a long time ago and uploaded the wrong file. While the indicator works, I did allow an option to show a signal line (smoothed line) or not. If you chose to show it, there was a problem. The new version will work.

Basically the indicator is like RSI but uses the Close compared to Open, to determine if its an "Up" or "Down" day.

Anyone that might have downloaded prior to this posting, and has problems with setting "ShowSignal" to true...just download the new file.

Sorry for the inconvenience.

VT

[mate41]

Sorry VTtrader, when the signal is on there is still nothing plotted...