mass_index_sig
Function Name: mass_index_sig
Tags: None
Category: Trend
The Mass Index indicator focuses on the oscillation of the daily range of prices. The Mass Index uses the range of the bars to calculate several values, including exponential averages of the ranges. It then calculates and plots an index of these calculations.
The Mass Index is used in trending markets to monitor direction and warn of potential changes in market direction. The Mass Index signals a possible price reversal when the Mass Index line crosses above the setup line and subsequently falls below the trigger line. This is known as a reversal bulge. The Mass Index does not identify the trend direction, but rather warns of possible reversal.
Link: http://www.onlinetradingconcepts.com/TechnicalAnalysis/MassIndex.html
Period |
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Default Value: 27 | Minimum: 2 | Maximum: 9999 |
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Type: Numeric |
Setup |
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Default Value: 25 | Minimum: 0 | Maximum: 100 |
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Type: Numeric |
Trigger |
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Default Value: 26.5 | Minimum: 0 | Maximum: 100 |
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Type: Numeric |
ShowTraderBar |
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Default Value: 0 |
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Type: Boolean |
ShowTraderMark |
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Default Value: -1 |
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Type: Boolean |
ShowEachOccurence |
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Default Value: 0 |
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Type: Boolean |
UseBullishSignals |
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Default Value: -1 |
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Type: Boolean |
UseBearishSignals |
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Default Value: -1 |
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Type: Boolean |