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Mass Index Forex Indicator For Metatrader 4

    The Mass Index forex indicator for MetaTrader 4 was developed by Donald Dorsey and deploys the high-low range to spot reversals in trend in respect to expansions in range.

    In this vein, the Mass Index is a volatility technical studies that is devoid of a directional bias.

    In its place, it spots range bulges that usually warn of a possible reversal in the current trend.

    Basically, the Mass Index does remarkably well at spotting impending change in trend, but cannot tell the direction the trend is changing.

    Free Download

    Download the “Mass_Index.ex4” MT4 indicator

    Example Chart


    Mass_Index tries to spot “reversal bulges” as described by its creator.

    When the Mass_Index moves above the 27 level, a bulge kicks in. The signal is not complete on the initial bulge.

    The creator of this indicator waits for the bulge to reverse with a move below the 26.50 level.

    Upon completing the reversal bulge, chartist are expected to deploy other technical studies to ascertain the direction of the next price move.

    The Mass_Index surges as the high-low range widens and dips as the high-low range narrows.

    Preferably, a downtrend that is trailed by a reversal bulge would indicate a bullish trend reversal.

    On the contrary, an uptrend that is trailed by a reversal bulge is indicative of a bearish trend reversal.

    To be able to yield more signals, chartist should deploy other analysis procedures to compliment the Mass_Index indicator.

    Volatility can always be measured using standard deviation or other technical indicators like standard deviation, while the reversal bulge function of the Mass_Index can offer a matchless outlook regarding the condition of the market.


    Download the “Mass_Index.ex4” MT4 indicator

    MT4 Indicator Characteristics

    Currency pairs: Any

    Platform: Metatrader 4

    Type: chart window indicator

    Customization options: Variable (EMAPeriod, SecondPeriod, SumPeriod), Colors, width & Style.

    Time frames: 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

    Type: volatility, trend

    How to install the Mass Index custom indicator in Metatrader 4?

    • Download the Mass Index indicator to your computer.
    • Open your Metatrader 4 platform.
    • Open the data folder from the top menu.
    • Open the MQL4 folder.
    • Open the indicators folder.
    • Paste the indicator file in this folder.
    • Restart the trading platform.
    • Open any trading chart.
    • Attach the indicator to the chart.