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Mass Index (MI)

The Mass Index is an indicator that shows when a trend reversal is imminent. It does this by looking at price volatility.

Example

Interpretation

For the Mass Index to indicate a change in trend, the MI has to rise above 26. This change in trend will happen after the MI has fallen below 26 again.

Calculation

EMA of (HIGH - LOW for 9 periods) / EMA of (EMA of (HIGH - LOW for 9 periods) for 9 periods) for 20 periods

HIGH is the maximum price of the current bar.
LOW is the minimum price of the current bar.
EMA is the Exponential Moving Average.

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