Market Facilitation Index (MFI) in combination with Volume
Market Facilitation Index indicator taken from "Trading Chaos" by Bill Williams.
MFI must be used in combination with volume:
PS you can hide the orange MFI histogram in settings since you already have signals shown.
MFI must be used in combination with volume:
- GREEN = Volume up + MFI up (indicated by a green diamond)
- SQUAT = Volume up + MFI down (indicated by a purple star)
- FAKE = Volume down + MFI up (indicated by a red x)
- FADE = Volume down + MFI down (indicated by a grey circle)
PS you can hide the orange MFI histogram in settings since you already have signals shown.