MassIndex (Function)
DisclaimerThe MassIndex series function returns a value that is used to warn of an impending direction change.
Syntax
MassIndex(SmoothingLength, SummationLength)
Returns (Double)
A numeric value containing MassIndex for the current bar.
Parameters
|
Name |
Type |
Description |
|
SmoothingLength |
Numeric |
Sets the number of periods for the exponential moving average. |
|
SummationLength |
Numeric |
Sets the number of periods for the summation and second exponential moving average. |
Remarks
The formula for the function is:
MassIndex = Numerator/Denominator
…where
Numerator = Summation(XAverage(High-Low, Smoothing), Summation)
Denominator = XAverage(XAverage(High-Low, Smoothing), Summation)
Example
Plot1(MassIndex(9,25));
Reference
Dorsey, Donald. The Mass Index. Technical Analysis of Stocks and Commodities. June 1992, Pages 67-69.