Market Facilitation Index

The Market Facilitation Index indicator measures the strength or weakness behind movements in an asset's price. It helps you decide whether a trend is strong enough to justify trading it and when a new trend may be about to start.

Configuration Options

• Scale Factor: TBD
• Color Selectors: Colors to use for graph elements.
• Display Axis Label: Whether to display the most recent value on the Y axis.

Formula

To calculate Market Facilitation Index you need to subtract the lowest bar price from the highest bar price and divide it by the volume.

\[BW\ MFI = \frac{(HIGH - LOW)}{VOLUME} \]

where:

• HIGH = the highest price of the bar
• LOW = the lowest price of the bar
• VOLUME = volume of the current bar