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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. |
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