Mass Index - Indicator Formula


A trader can set a baseline below 27 if it is a less volatile stock.


Calculation:


Take the 9-period EMA over and an exponential moving average of this average. Then sum the ratio of the two over a given number of days, usually 25


Mass = Sum[ 25 ] of EMA[ 9 ] of ( high - low ) / EMA[ 9 ] of EMA[ 9 ] of ( high - low )


Mass Index.png

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