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Random article: Mass Index
Mass Index is the tool for technical analysis applied to inform about a possible reversal of trend. Concept of Mass index implies that price change between High and Low makes the trend to changes its direction. The longer distance between lowest and highest points of price is, the higher volatility of finance instrument is observed. Mass Index is a rather sensitive indicator and is able to generate alerts on change of price direction when other indicators are not able to predict those reversals. Embossment of the indicator line acts as an alert of reversal of price movement.
Relative Volatility Index was elaborated by Donald Dorsey in 1993 and introduced in “ Technical Analysis of Stocks and Commodities” magazine. RVI is not a separate indicator; it is used to confirm signals and improve trading systems. This index measures forces of volatility movement. It does not duplicate signals of other oscillators, but just confirms them. RVI and Relative Strength Index are very much alike, but they additionally demonstrate highest and lowest points of price of standard deviation in a certain range. RVI is calculated in a way similar to calculation of RSI, but here 10-days' standard deviation of close price is taken instead of change of price.
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