Mass Indicator Formula from Smoothed High-Low Ranges

Summary

The document defines the Mass indicator using the high-low range. It first applies an exponential moving average to that range, then smooths the result with a second exponential moving average of the same length. The ratio of the first smoothed range to the second is calculated when the denominator is positive; otherwise, the ratio is set to zero. The indicator value is the sum of these ratios over a specified summation length.

The listed inputs are high, low, smoothing length, summation length, and moving-average length, although the displayed pseudocode does not use the moving-average length. The page names the indicator as the Mass line and points to an external file for an interpretation, but supplies no explanation of how to read signals, no parameter values, and no test results. It therefore provides a computational definition, while leaving practical signal use and validation unspecified.

Key ideas

• The Mass calculation starts with the high-low price range.
• It applies two exponential smoothing steps using the smoothing length.
• The ratio of the first smoothed range to the second is used when the denominator is positive.
• The final indicator value sums the ratios over the summation length.
• The listed moving-average length is not used in the shown pseudocode.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.