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Strategies & Market Trends : Technical Analysis- Indicators & Systems

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To: ftth who wrote (3134)	4/13/1998 8:59:00 PM
From: ftth	Read Replies (1) of 3325

My time ran out before I could finish the mass index part of my last post:(This is from the referenced TASC article): The mass index is a 25-day moving sum of a ratio of two moving averages. The numerator of the ratio is the exponentially smoothed moving average of the daily ranges. The denominator is the numerator smoothed a second time. When the value of the daily ranges begins to increase, the numerator will increase faster than the denominator and the ratio will become larger than 1. The 25-day moving sum will then become larger than 25. If the moving sum reaches 27, then falls below 26.5, a reversal signal is indicated. Mass Index=SUM from n=1 to 25 of Rn/Ln where: Rn = 0.8 (Rn -1) + 0.2 (Range) Ln = 0.8 (Ln -1) + 0.2 (Rn) Range = Today's high - low Rn - 1 = Yesterday's Rn Ln -1 = Yesterday's Ln dh

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