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Market Facilitation IndexIn 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:
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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