Stock Portfolio Organizer
The ultimate porfolio management solution.
Shares, Margin, CFD's, Futures and Forex
EOD and Realtime
Dividends and Trust Distributions
And Much More ....
WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
Mass Index for Amibroker (AFL)
Rating:
3 / 5 (Votes 3)
Tags:
oscillator, ambroker
Developed by Donald Dorsey, the Mass Index uses the high-low range to identify trend reversals based on range expansions. In this sense, the Mass Index is a volatility indicator that does not have a directional bias. Instead, the Mass Index identifies range bulges that can foreshadow a reversal of the current trend.
Indicator / Formula
Copy & Paste Friendly
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 | /*Developed by Donald Dorsey, the Mass Index uses the high-low range to identify trend reversals based on range expansions. In this sense, the Mass Index is a volatility indicator that does not have a directional bias. Instead, the Mass Index identifies range bulges that can foreshadow a reversal of the current trend.AFL by DQK */periods= Param("Periods", 14, 3, 200, 1);smooth= Param("Smooth", 7, 3, 200, 1);function MI( Hi, Lo, periods, smooth ){ M= EMA( Hi - Lo, smooth)/ EMA( EMA( Hi - Lo, smooth ), smooth );return Sum( M, periods );}Hi= ( H + Max( C, O ) )/ 2;Lo= ( L + Min( C, O ) )/ 2;Plot( MI(H, L, periods, smooth), "Mass Index" + StrFormat("(%g,%g)", smooth, periods ), colorBrightGreen, styleLine|styleNoLabel ); |
0 comments
Leave Comment
Please login here to leave a comment.
Back