Overload List
| Overload | Description |
|---|---|
| MarketFacilitationIndex(String,Series) | Market Facilitation Index was developed by Dr. Bill Williams and take into consideration the price and volume. |
| MarketFacilitationIndex(Series) | Market Facilitation Index was developed by Dr. Bill Williams and take into consideration the price and volume. |
| MarketFacilitationIndex(SeriesCollection) | Market Facilitation Index was developed by Dr. Bill Williams and take into consideration the price and volume. |
Remarks
Evaluation
The formula for the calculation of MFI is:
MFI = (high - low)/volume
where high is the highest traded price during the period, low
is the lowest traded price during the period and, volume is the overall
volume traded on that period.
Interpretation
There are four types of trading sessions called:
- Fakes - volume is low but MFI is rising
- Fades - both volume and MFI is down (the price might move in the opposite direction)
- Squats - the volume is up, MFI is down
- Greens - when the MFI and volume are up which represent a strong signal to follow the trendline