Hello fellow traders.
Just a simple question: what is the acronym of Market Facilitation Index in WL8?
Just a simple question: what is the acronym of Market Facilitation Index in WL8?
Rename
What is the Market Facilitation Index?
It's a volume + price action indicator by Bill Williams
In WL8 there is MFI which stands for Money Flow Index and has a different formula than that of Williams. I just googled your indicator and the formula seems to be trivial: (High - Low) / Volume.
If you wish we could probably add it as "MarketFacilitationIndex" (so as it wouldn't be confused with the MFI) but a DIY approach is much faster. Just go to Tools > New Custom Indicator (C#), use one of the canned presets, rename it and modify the code in the Editor. Voila. The new indicator will be available when you start WL8 in Admin mode (with elevated privileges). It's pretty simple but should you need assistance, please don't hesitiate to ask.
If you wish we could probably add it as "MarketFacilitationIndex" (so as it wouldn't be confused with the MFI) but a DIY approach is much faster. Just go to Tools > New Custom Indicator (C#), use one of the canned presets, rename it and modify the code in the Editor. Voila. The new indicator will be available when you start WL8 in Admin mode (with elevated privileges). It's pretty simple but should you need assistance, please don't hesitiate to ask.
I've added the Market Facilitation Index to the PowerPack for B11.
Danke schung!! Thank you very much Eugene!!!
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