Blocks

Short Description

Market Facilitation Index Technical Indicator (BWMFI) is the indicator which shows the change of price for one tick i.e the willingness of the market to move the price. The indicator's absolute values alone cannot provide any trading signals unlike it's dynamics in relation to the dynamics of the volume.

Tooltips

Instrument: Default or customized instrument used.

Period : Default or customized period used.

Shift value: number of candles in integer to be shifted backward

MFI Up, Volume Up Double : Green bar - both MFI and volume are up. Increasing trading activity means market movement acceleration.

MFI Down, Volume Down Double Brown bar - both MFI and volume are down. The market is no longer interested in the current direction and is looking for signs of a future development.

MFI Up, Volume Down Double Blue bar - MFI indicator is up, volume is down. The movement is continuing although the volume has dropped. The trend will soon be reversing.

MFI Down, Volume Up Double Pink bar - MFI indicator is down, volume is up. The slowing down movement while volume is raising may indicate a possible break through, often a U-turn.

Main Description