BW MFI

Bill Williams’ Market Facilitation Index. The indicator shows the change in price change per tick.

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.

Indicator settings

Style

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.

Levels

Name	Description
Levels	Allows the desired number of levels to be added.

Indicator

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.