Market Facilitation Index

In his book, Trading Chaos, Dr. Bill Williams, introduces a unique method of combining price action with volume. The main component of this method is a simple indicator he developed called the Market Facilitation Index (MFI).

The MFI simply divides the day's range (high to low) by the total volume. The result shows the efficiency of price movement by quantifying the price movement per unit of volume.

Syntax:

Public Function MarketFacilitationIndex(ByVal HLOCV()() As Double) As Double

Parameters:

  • ByVal HLOCV()() As Double

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Example:

 

    Dim TA4Net As New TA4Net.CTAFunctions("YOUR-REGISTRATION-CODE")

    Dim Result() As Double

    Dim HLOCV(,) As Double

 

    ' loading values to array

    HLOCV = GetHLOCVValues()

    ' calculating Technical Analysis function

    Result = TA4Net.MarketFacilitationIndex(HLOCV)

 

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