StockFetcher Forums · Filter Exchange · The Mass Index<< >>Post Follow-up
TheRumpledOne
6,362 posts
msg #42493
Ignore TheRumpledOne
modified
3/25/2006 7:55:21 PM

http://www.incrediblecharts.com/technical/mass_index.htm

The Mass Index was invented by Donald Dorsey.

Trading Signals
The key signal is a reversal bulge. This occurs when the Mass Index (25 period) rises above 27
and falls back below 26.5.

Calculate a 9 day exponential moving average (EMA) of prices:

Go long if there is a reversal bulge and EMA points downward.
Go short if there is a reversal bulge and EMA points upward.


Fetcher[
/* MASS INDEX FILTER */

SET{ MIOver27, count( Mass Index(25) above 27 , 5) }
set{E9b,days(EMA(9)is above EMA(9)1 day ago,100)}
set{E9a,days(EMA(9)is below EMA(9)1 day ago,100)}
set{E9xE9, E9a - E9b}

add column MIOver27
add column E9xE9

draw Mass Index(25)
draw ema(9)

Mass Index(25) crossed below 26.5
MIOver27 above 0

volume above 500000
]



E9XE9:

if positive, EMA(9) rising (if bulge - GO SHORT ),
if negative, EMA(9) falling (if bulge - GO LONG).

Saw this indicator while looking up something else.

Interesting...

Fetcher[
/* MASS INDEX - HEADS UP FILTER */

SET{ MIOver27, count( Mass Index(25) above 27 , 5) }
set{E9b,days(EMA(9)is above EMA(9)1 day ago,100)}
set{E9a,days(EMA(9)is below EMA(9)1 day ago,100)}
set{E9xE9, E9a - E9b}

add column MIOver27
add column E9xE9

draw Mass Index(25)
draw ema(9)

Mass Index(25) crossed below 27

volume above 500000
]



The heads up version alerts you BEFORE the pop!


http://www.prophet.net/learn/taglossary.jsp?index=M

Mass Index

The Mass Index was developed by Donald Dorsey to identify trend reversals by using the changes of daily price ranges to identify reversals in trends. As the price ranges narrow, the Mass Index decreases. As the price ranges widen, the Mass Index increases.
A significant pattern to watch for is the "reversal bulge." These occur when on a 25-period plot the Mass Index surpasses 27 then falls past 26.5.

A 9-period Exponential Moving Average of prices is often used to determine if the reversal bulge indicates a buying or selling. If a reversal bulge occurs, buy if the moving average is trending down (in anticipation of the reversal) and sell if it is trending up.



MAY ALL YOUR FILLS BE COMPLETE.






hscott
34 posts
msg #42538
Ignore hscott
3/26/2006 6:14:00 PM

This is a great filter but I have better luck as follows:
/* MASS INDEX - HEADS UP FILTER */

SET{ MIOver27, count( Mass Index(25) above 27 , 5) }
set{E9b,days(EMA(9)is above EMA(9)1 day ago,100)}
set{E9a,days(EMA(9)is below EMA(9)1 day ago,100)}
set{E9xE9, E9a - E9b}

add column MIOver27
add column E9xE9

draw Mass Index(25)
draw ema(9)

Mass Index(15) crossed below 22
and close above 2
and MIOver27 greater than 1

volume below 1000000



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