Indicator Description
MI (Mass Index) is a trend indicator that reflects the strength and direction of market trends by calculating price trend changes.
Function Information
- Function Name: MI
- Input Parameters: High, Low
- Parameter Settings: timeperiod1 (default: 9), timeperiod2 (default: 25)
- Output: mi
Calculation Principle
MI is calculated using the following formula:
Range = High - Low
EMA9 = EMA(Range, timeperiod1)
EMA_EMA9 = EMA(EMA9, timeperiod1)
Ratio = EMA9 / EMA_EMA9
MI = SUM(Ratio, timeperiod2)Where EMA is the Exponential Moving Average.
Usage Scenarios
- Trend direction judgment
- Trend strength analysis
- Trend reversal identification
- Trading signal generation