Dorsey InertiaThis indicator was originally developed by Donald Dorsey (Stocks & Commodities, V.13:9 (September, 1995): "Refining the Relative Volatility Index").
Inertia is based on Relative Volatility Index (RVI) smoothed using linear regression.
In physics, inertia is the tendency of an object to resist to acceleration. Dorsey chose this name because he believes that trend and inertia are related and that it takes more effort and energy to reverse the direction of a stock or market than to keep it in the same direction. He argues that the volatility is the simplest and most accurate measure of inertia.
When the indicator is below 50, it signals bearish market sentiment and when the indicator is above 50 it signals a bullish trend.
Good luck!
Dorsey
Mass IndexThis 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.
Relative Volatility IndexCorrected Relative Volatility Index. This indicator was originally developed by Donald Dorsey (Stocks & Commodities V.11:6 (253-256): The Relative Volatility Index).
The indicator was revised by Dorsey in 1995 (Stocks & Commodities V.13:09 (388-391): Refining the Relative Volatility Index).
I suggest the refined RVI with optional settings. If you disabled Wilder's Smoothing and Refined RVI you will get the original version of RVI (1993, as built-in).
Also, you can choose an algorithm for calculating Standard Deviation.
MASS Index Backtest 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.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
MASS Index Strategy 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.
WARNING:
This script to change bars colors.
