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Inflow/Outflow Index (IOI)
The Inflow/Outflow Index (IOI) is a high-sensitivity momentum oscillator designed to visualize the tug-of-war between aggressive buying and selling. Unlike a standard RSI (which only tracks price change) the IOI scales price action by actual traded volume, providing a clearer picture of where the "Smart Money" is moving.
- Buying Inflow: Occurs when the price closes higher than it opened, weighted by the volume of that period.
- Selling Outflow: Occurs when the price closes lower than it opened, weighted by volume.
These flows are then smoothed using an Exponential Moving Average (EMA) and processed through an RSI-style formula to create an oscillator that moves between 0 and 100.
How one reads this indicator:
The Midline (50): The "Control Point" where the tug of war is in a state of balance / indecision.
- Above 50 (Green By Default): Buyers are in command, and capital is flowing into the asset.
- Below 50 (Red By Default): Sellers are dominating, and capital is flowing out of the asset.
- Extreme Inflow (>80): Signal of intense buying pressure; the trend is strong but watch for exhaustion.
- Extreme Outflow (<20): Signal of heavy liquidation; potential for a "oversold" bounce.
- Divergences: If the price makes a new high but the IOI makes a lower high, it suggests the move lacks the "volume fuel" to continue, signaling a potential reversal.
Godspeed friends!
- Buying Inflow: Occurs when the price closes higher than it opened, weighted by the volume of that period.
- Selling Outflow: Occurs when the price closes lower than it opened, weighted by volume.
These flows are then smoothed using an Exponential Moving Average (EMA) and processed through an RSI-style formula to create an oscillator that moves between 0 and 100.
How one reads this indicator:
The Midline (50): The "Control Point" where the tug of war is in a state of balance / indecision.
- Above 50 (Green By Default): Buyers are in command, and capital is flowing into the asset.
- Below 50 (Red By Default): Sellers are dominating, and capital is flowing out of the asset.
- Extreme Inflow (>80): Signal of intense buying pressure; the trend is strong but watch for exhaustion.
- Extreme Outflow (<20): Signal of heavy liquidation; potential for a "oversold" bounce.
- Divergences: If the price makes a new high but the IOI makes a lower high, it suggests the move lacks the "volume fuel" to continue, signaling a potential reversal.
Godspeed friends!
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オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。