USDT (TRC20): TH29EEXa19vfwZNYvxdUuMxoFY5QDYLcWG
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.
//////////////////////////////////////////////////////////// // Copyright by HPotter v1.0 13/05/2014 // The Mass Index was designed to identify trend reversals by measuring // the narrowing and widening of the range between the high and low prices. // As this range widens, the Mass Index increases; as the range narrows // the Mass Index decreases. // The Mass Index was developed by Donald Dorsey. //////////////////////////////////////////////////////////// study(title="MASS Index", shorttitle="MASS Index") Length1 = input(9, minval=1) Length2 = input(25, minval=1) hline(27, color=blue, linestyle=line, title = "Setup") hline(26.5, color=red, linestyle=line, title = "Trigger") xPrice = high - low xEMA = ema(xPrice, Length1) xSmoothXAvg = ema(xEMA, Length1) nRes = sum(iff(xSmoothXAvg != 0, xEMA / xSmoothXAvg, 0), Length2) plot(nRes, color=red, title="MASS Index")