Mass index indicator

Mass index indicator
Mass Index was designed to identify trend reversals by measuring the narrowing and widening the range between high and low prices. As it expands the range mass index increases as the range narrows mass index decreased.
The mass index published in the June 1992 Technical Analysis of Stock and Commodities article "Mass Index" by Donald Dorsey.
Taken from stocks and commodities, ext. 10:06 (265-267): Mass Index by Donald Dorsey
"Range oscillation, often not covered by students of technical analysis, it becomes part of the recurrent patterns in the market during which the daily trading range and narrower spreads. Consideration of this model, Donald Dorsey explains, allows marketers to predict Technician turns other indicators that can be missed. Dorsey proposes the use range of oscillators at his table index. "
The following is the formula for MetaStock
Sum (Mov ((H - L), 9, E) / Mov (Mov ((H - L), 9, E), 9, E), 25)