Market Facilitation Index

Market facilitation index (MFI) is a volatility indicator measuring the strength and weakness behind movements of the price. The formula to calculate the MFI is high minus low divided by the volume for that period. The output is presented as a histogram with the colour-coded bars, which signal the strenght of the trend, depending on the movement of the price and the level of volume. The indicator does not attempt to make any predictions regarding the direction of the price.

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