The Mass Index calculates various values, even the exponential averages of the ranges, using a number of bars. After that it works out the indexes and traces the results. Mass Index shows the direction in trending markets and forecasts possible direction changes of forex market. The Mass Index line rising over the setup line and getting lower than the trigger line afterwards … [Read more...]
The Mass Index Indicator – Basic Concept
Mass Index was developed by Donald Dorsey in order to catch the trend reversal points. The daily prices movements are used for this purpose. In case the movement is considerable the Mass Index goes up, otherwise if it is slight the Mass Index goes down.The Mass Index is used to warn of a future price reversal. The theory behind the Mass Index is that reversals occur when the … [Read more...]