The Mass Index indicator is a useful and popular free Forex indicator for MT4. The Mass Index indicator is based on the idea that when prices are trending, the range between the high and low prices will expand. The Mass Index measures the ratio of the expanding range to the average range over a specified period of time. It then plots a line that oscillates between 0 and 100. If the Mass Index line crosses above 26, it signals the start of a potential reversal. By analyzing the Mass Index, traders can better predict when a trend is likely to reverse, and take advantage of the opportunities that arise.
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