MassIndex

Description

The Mass Index is a study identifying trend reversals by using the changes of daily price ranges. The Mass Index first calculates a moving average of the price range. Then the ratio of the average and its average over the same period is calculated.

It is considered a trend reversal signal, when the Mass Index surpasses the setup level and then falls below the trigger level.

Input Parameters

Parameter Description
setup The setup level.
sm length The number of bars used to calculate the averages.
sum length The number of bars used to calculate the Mass Index.
trigger The trigger level.

Plots

Plot Description
MassX The Mass Index.
SetupLevel The setup level.
TriggerLevel The trigger level.

Example*

*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.

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