BW MFI
Bill Williams’ Market Facilitation Index. The indicator shows the change in price change per tick.
Last updated
Bill Williams’ Market Facilitation Index. The indicator shows the change in price change per tick.
Last updated
BW MFI = (HIGH — LOW) / VOLUME
Where HIGH is the maximum price of the current bar LOW is the minimal price of the current bar VOLUME is the volume of the current bar.
Name
Description
MFI up Volume up
Selecting the color of the growing MFI on the growing volume.
MFI down Volume down
Selecting the color of the decline of MFI and trading volume.
MFI up Volume down
Selecting the color of the growing MFI on the declining trading volume.
MFI down Volume up
Selecting the color of the decline of MFI and the growth of trading volume.
Name
Description
Levels
Allows the desired number of levels to be added.
Name
Description
Volumes
Select tick volume or real volume.
Indicator
Enabling or disabling the indicator display on the chart.
Name
Enabling or disabling the indicator name display in the information line.
Values
Enabling or disabling the indicator value display in the information line.
Markers
Enabling or disabling the indicator markers display on the scale.
Calculation
Select when the calculation will be performed.
Area
Selection of an area to display the indicator.
