.netCHARTING v10.5 Documentation


dotnetCHARTING Namespace > FinancialEngine Class > MarketFacilitationIndex Method : MarketFacilitationIndex(String,Series) Method
The name of the series which will be displayed on the chart, i.e. its label.
The financial series where the first element is the traded price on the most recent period, the second element is the traded price of the previous periods and so on, for the asset under consideration.
MarketFacilitationIndex(String,Series) Method
Market Facilitation Index was developed by Dr. Bill Williams and take into consideration the price and volume.
Syntax
'Declaration
 
Public Overloads Shared Function MarketFacilitationIndex( _
   ByVal seriesName As String, _
   ByVal s As Series _
) As Series
'Usage
 
Dim seriesName As String
Dim s As Series
Dim value As Series
 
value = FinancialEngine.MarketFacilitationIndex(seriesName, s)
public static Series MarketFacilitationIndex( 
   string seriesName,
   Series s
)

Parameters

seriesName
The name of the series which will be displayed on the chart, i.e. its label.
s
The financial series where the first element is the traded price on the most recent period, the second element is the traded price of the previous periods and so on, for the asset under consideration.
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:

  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

Requirements

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

See Also