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Mass Index
MetaStock Indicator
The Mass Index was designed to identify trend reversals by
measuring the narrowing and widening of the range between the high
and low prices. As the range widens the Mass Index increases; as the
range narrows the Mass Index decreases.
The MASS Index appeared in the June 92 Technical Analysis of
Stocks & Commodities article "The Mass Index", by Donald Dorsey.
"Range oscillation, not often covered by students of technical
analysis, delves into repetitive market patterns during which the
daily trading range narrows and widens. Examining this pattern,
Donald Dorsey explains, allows the technician to forecast market
reversals that other indicators may miss. Dorsey proposes the use of
range oscillators in his mass index."
-- Taken from Stocks & Commodities, V. 10:6 (265-267): The Mass
Index by Donald Dorsey.
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| Sum(Mov( ( H - L ) ,9 ,E) /
Mov(Mov( ( H - L ) ,9 ,E) ,9 ,E ) ,25 ) |
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