'Declaration
 
Public Overloads Shared Function MarketFacilitationIndex( _
   ByVal sc As SeriesCollection _
) As SeriesCollection

'Usage
 
Dim sc As SeriesCollection
Dim value As SeriesCollection
 
value = FinancialEngine.MarketFacilitationIndex(sc)

public static SeriesCollection MarketFacilitationIndex( 
   SeriesCollection sc
)

Parameters

sc

A collection of series objects. For example, to evaluate this indicator for two series you will need to pass a series collection containing this two series.

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:

1. Fakes - volume is low but MFI is rising
2. Fades - both volume and MFI is down (the price might move in the opposite direction)
3. Squats - the volume is up, MFI is down
4. Greens - when the MFI and volume are up which represent a strong signal to follow the trendline

Target Platforms: Windows 7, Windows Vista SP1 or later, Windows XP SP3, Windows Server 2008 (Server Core not supported), Windows Server 2008 R2 (Server Core supported with SP1 or later), Windows Server 2003 SP2

Reference

FinancialEngine Class
FinancialEngine Members
Overload List