Stock Portfolio Organizer

The ultimate porfolio management solution.

Shares, Margin, CFD's, Futures and Forex
EOD and Realtime
Dividends and Trust Distributions
And Much More ....
For Portfolio Manager Click Here

WiseTrader Toolbox

#1 Selling Amibroker Plugin featuring:

Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
Find Out More Here

Market Facilitation Index for Amibroker (AFL)

Rating:
5 / 5 (Votes 1)
Tags:
oscillator, amibroker

Market Facilitation Index Technical Indicator (BW MFI) is the indicator which shows the change of price for one tick. Absolute values of the indicator do not mean anything as they are, only indicator changes have sense. Bill Williams emphasizes the interchanging of MFI and volume:

Similar Indicators / Formulas

Debu Market Efficiency Ratio
Submitted by agent301 over 12 years ago
MACD (new timing)
Submitted by tigernifty over 12 years ago
3 Days Track
Submitted by janet0211 over 14 years ago
KILL THE OPERATOR MACD
Submitted by prasadmuni over 12 years ago
%R ++
Submitted by reb over 14 years ago
DMI Spread
Submitted by pipstar over 14 years ago

Indicator / Formula

Copy & Paste Friendly
function MarketFacilitationIndex()
{
  return ( High - Low )/Volume;
}

mfac = MarketFacilitationIndex();
rm = ROC( mfac, 1 );
rv = ROC( Volume, 1 );

Color = IIf( rm > 0 AND rv > 0, colorGreen,
		 IIf( rm < 0 AND rv < 0, colorBlue,
		 IIf( rm > 0 AND rv < 0, colorGrey40,
		 IIf( rm < 0 AND rv > 0, colorRed, colorLightGrey ) ) ) );

Plot( mfac, _DEFAULT_NAME(), Color, ParamStyle("Style", styleHistogram | styleThick, maskHistogram ) );

0 comments

Leave Comment

Please login here to leave a comment.

Back