Knowledgebase:
MassIndex
Posted by Mohammad Rahhal, Last modified by Rawan Al Hourani on 16 June 2016 09:56 AM

Syntax

Public Function MassIndex(chart_ID As Long, period As Integer) As String

The Mass Index identifies price changes by indexing the narrowing and widening change between high and low prices. 

According to the inventor of the Mass Index, reversals may occur when a 25-period Mass Index raises above 27 or falls below 26.5.

Parameters

Key Description 
chart_ID Chart identifier, 0 is the current chart ,value of type Long.
Period The calculation period, on which the indicator will be calculated, value of type Integer.

Return value

Returns the handles of a technical indicator, in case of failure returns an empty string.

Sample

Public Sub main()

AlertMessage (MassIndex(0,8)) 'Draws the indicator on chart and shows a message box with the indicator name.

End Sub


See Also


Back to VTL Client Script Index

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