IGMassIndexIndicator Class Reference
|Inherits from||IGStrategyBasedIndicator : IGFinancialIndicator : IGFinancialSeries : IGSeries : NSObject|
The IGChartView™ control’s MassIndexIndicator is financial indicator that is used for finding trend reversals. It is based on the premise that reversals are likely to happen when the price range widens. The calculation compares the previous trading ranges (highs minus lows). EMAs are used for this purpose. If there is substantial movement, the Mass Index Indicator increases, if there are small movements the Mass Index Indicator decreases.