OPEN-SOURCE SCRIPT

Mass Index

This indicator was originally developed by Donald Dorsey (Stocks & Commodities, V.10:6 (June, 1992): "The Mass Index").

Specially for @AlexMayorov:
If indicator reaches 27 and then falls to below 26.5 then it could be a signal of potential trend reversal.
bulgedorseyindexmassMass IndexOscillatorsreversalreversalbulgeTrend AnalysistrendreversalVolatility

Open-source script

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 publication is governed by House rules. You can favorite it to use it on a chart.

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