Masaan Index

| Event | Application of Masaan Index | |-------|----------------------------| | | Media reports from Ganga ghats in Varanasi, Delhi’s Nigambodh Ghat, and Ahmedabad showed pyres burning continuously for weeks. Officials reported 10–20 deaths/day; ground counts of pyres showed 10× that figure. | | Heatwaves (2022–2023) | In Bihar and Uttar Pradesh, excess cremation logs were sold at double price. Local reporters used “wood procurement logs” to estimate heatstroke deaths—often 3x the official toll. | | Post-Demonetisation (2016) | Retrospective analysis suggests the Index spiked in late 2016 as daily-wage laborers lost work and died from starvation/poisoning, though no official link was admitted. |

The key signal generated by the Mass Index is the "reversal bulge." This occurs when the 25-day Mass Index rises above 27.0 and subsequently falls below 26.5, indicating a high probability of a trend reversal. This is a non-directional signal; a 9-period EMA of the price is used to determine the direction of the potential reversal. A potential buy signal is triggered when a reversal bulge occurs while the EMA is trending downward, whereas a sell signal is triggered when the EMA is trending upward. masaan index