The Parameter to calculate MFI High The high price of the security for each given day. Low The low price of the security for each given day. Volume The number of shares of the security that were traded during each given day. Note that while this function is intended for use with these specific values, any values can be used for these parameters, … [Read more...]
Market Facilitation Index – The Concept
The Market Facilitation Index, was developed by Dr. Bill Williams to reproduce volume and price characteristics in order to make the trade more accurate. 1 point price changing can be shown by BW MFI (Bill Williams Market Facilitation Index). You shouldn't care about absolute indicator values, whether its changes are important. Bill Williams singles out following processes of … [Read more...]