Mass Index

Top 

Mass Index

Variable List Abbreviation: MassIndex

 

Variable Mode(s): Stock, Futures1, and Futures2

[ Note: appears in indicator list only after high and low selected ]

 

Parameter(s): MassIndex summation time periods, MassIndex numerator exp factor, MassIndex denominator exp factor

 

Description:

Identifies important price trend changes based upon the average range in price over n (time periods) time periods.  A gradual increase in range (reversal bulge) generally indicates the possibility of a market turn.  An increasing range is indicated by values of the mass index above 25, while a decreasing range is indicated by values below 25.

 

Calculation:

Mass Index  = Sum over n time periods of ( numerator / denominator )

Numerator   = Exponential Moving Average of (High-Low)

Denominator = Exponential Moving Average of Numerator