Masaan Index [top] Full

: Calculate the difference between the high and low price for each day.

: Take a 9-day Exponential Moving Average (EMA) of that daily range. masaan index full

: Apply another 9-day EMA to the result of the first smoothing. Ratio Calculation : Divide the first EMA by the second EMA. : Calculate the difference between the high and

: The index is built on the theory that trend reversals often follow a significant expansion in the daily trading range. masaan index full