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Mass Index

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MassIndex(Periods)
MI(Periods)


Overview
The Mass Index identifies price changes by indexing the narrowing and widening change between high and low prices.

Interpretation
According to the inventor of the Mass Index, reversals may occur when a 25- period Mass Index rises above 27 or falls below 26.5.

Recommended Parameters
Periods: 25

Example
set BUY = MI(25) > 27

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