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Conditional Price Mass

The indicator of the conditional price mass is based on the Sum Volume indicator and the Price Accelerometer indicator. It displays the effectiveness of the applied effort (in the form of total volume) to accelerate prices in one direction.

  • Values above zero indicate a tendency to accelerate UP.
  • Values below zero indicate a tendency to accelerate DOWN.

It is a kind of predictive/leading indicator.

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Version 1.6 2017.11.20
v1.66 UPDATED: Output value of Mass normalized to be between -100 and 100