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Strategies & Market Trends : Technical Analysis- Indicators & Systems -- Ignore unavailable to you. Want to Upgrade?

To: ftth who wrote (3134)	4/13/1998 8:59:00 PM
From: ftth	Read Replies (1) \| Respond to 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

To: ftth who wrote (3134)	4/13/1998 9:01:00 PM
From: Spots	Read Replies (1) \| Respond to of 3325

Dave, I see you ignored my suggestion not to spend time on this. I appreciate it (and find it typical of most TA types also -- going out of the way to help). I've only glanced over your related "babble" post, and, as I've been at pains to point out, am hardly qualified to comment. Therefore, here's my off the wall reaction: I completely agree that anything from past periods has at best tenuous relevance to current actions. By "past" I mean past over and done with; not immediate past. I do see some relevance of standard deviations in a recent period (e.g. Bollinger bands) as a measure of current volatility, though, even though I don't find Bollinger bands too useful because conventional wisdom about them seems to be self-fulfilling. Sorry, this has to be brief. Besides, WDIK? But I will look further and try to comment more later if I form any opinions worth commenting about. Thanks again for all your trouble. Regards, Spots