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Forex Indicator “Mass Index”

Forex Indicator “Mass Index” is used for showing the trend rotations that are based on changes in the bandwidth between the lowest and highest prices. If the bandwidth narrows then the Mass Index decreases. If it expands, then the Index increases.

Donald Dorsey was the one who created the Mass Index. The most important signal from the Mass Index is a specific model called “reversal bulge”. The reversal bulge is made when the index of 25-period mass goes beyond 27 and then goes down below 26.5. In this case it doesn’t matter if the price drops, goes up or changes in the trading range.

To detect the exact signal, one should use the moving average of prices in the exponential 9-period. If the reversal bulge arises and if the moving average drops, it is time to buy. If it increases, it is time to sell.

For this indicator one should use library classes of SmoothAlgorithms.mqh. This indicator was first employed in MQL4 and released on the 8th of February, 2007 in CodeBase. 

 

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. 

 

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