Mass Index
Measures high-low range expansions to forecast reversals. The Mass Index sums the ratio of the 9-period EMA of the range (High-Low) to the 9-period EMA of that EMA over 25 periods. When a “bulge” is reached — values above 27 followed by a drop below 26.5 — a trend reversal is forecast. It does not indicate the direction of the reversal.
Formula:
Single EMA = EMA(High - Low, 9)Double EMA = EMA(Single EMA, 9)Ratio = Single EMA / Double EMAMass Index = SUM(Ratio, 25)Triggers
Section titled “Triggers”| Trigger | Direction | Condition | Description |
|---|---|---|---|
| Level cross up | 🟢 Buy | The indicator value crossed the set level from below. | The Mass Index value crosses the configurable Level from below. Level is set in the trigger parameters. |
| Level cross down | 🔴 Sell | The indicator value crossed the set level from above. | The Mass Index value crosses the Level from above. Level is set in the trigger parameters. |
| Value above level by N | 🟢 Buy | The indicator value rose above the level by a set distance. | The Mass Index value crosses the Level + Distance mark, moving upward. The distance delays entry until the level breakout is confirmed. |
| Value below level by N | 🔴 Sell | The indicator value dropped below the level by a set distance. | The Mass Index value crosses the Level − Distance mark, moving downward. |
| Value rising | 🟢 Buy | The indicator value is rising relative to the previous bar. | The Mass Index value on the current bar is higher than on the previous one — upward momentum. |
| Value falling | 🔴 Sell | The indicator value is declining relative to the previous bar. | The Mass Index value on the current bar is lower than on the previous one — downward momentum. Fires on every declining bar. |
| Slope turns positive | 🟢 Buy | The indicator’s slope turned positive — an upward reversal. | The Mass Index value changes its slope from descending to ascending — the indicator has stopped falling and started rising. |
| Slope turns negative | 🔴 Sell | The indicator’s slope turned negative — a downward reversal. | The Mass Index value changes its slope from ascending to descending — the indicator has stopped rising and started falling. |
Trigger parameters
Section titled “Trigger parameters”| Parameter | Type | Default | Range / Values |
|---|---|---|---|
Level (Value above level by N, Value below level by N, Level cross up, Level cross down) | float | 0 | |
Distance (Value above level by N, Value below level by N) | float | 0 | 0> |
