Identifies trend reversals by
measuring the narrowing and widening of the range between the high
and low prices. For interpretation refer to Stocks & Commodities,
V. 10:6 (265-267): The Mass Index by Donald Dorsey
||CummSum((EMA((High(0) - Low(0)), 9) / EMA(EMA((High(0)
- Low(0)), 9), 9)), 25)
Download to import into Tradecision.
How to use this custom indicator in Tradecision:
- Click Download.
- Save this indicator in a safe location on your hard drive.
- Open Tradecision and in the Tools menu click the Indicator Builder.
- In the Indicator Builder dialog, click Import, locate the saved file and then click OK.
Now you can insert the indicator directly into a price chart or modify it like any other in-built indicator.