Mass Index (MI)

Category: volatility, trend

The Mass Index identifies price trend reversals by measuring the narrowing and widening of the range between high and low prices over a specific period.

Formula

MI = \sum_{i=0}^{n} \left( \frac{EMA(High - Low, p_1)}{EMA(EMA(High - Low, p_1), p_2)} \right)

Inputs

• InpPeriodEMA (default: 9)
• InpSecondPeriodEMA (default: 9)
• InpSumPeriod (default: 25)

See signal primitives and every published strategy that uses Mass Index (MI) on WOBR StrategyVerse.