The Market Facilitation Index (MFI) is the creation of Bill Williams. The indicator endeavors to establish the effectiveness of price movement by computing the price movement per volume unit. This is accomplished by subtracting the days low from the high and dividing the result by the total volume. (source: Wikipedia)
Option to use the Open and Close values instead of the High and Low values of each bar. This allows the indicator to work on Range bars although the result will be different.
| Created By | NinjaTrader_ChrisL |
| NinjaTrader Version | 8 |
| File Size | 2.1 KB |
| Create Date | 08/25/2017 |
| # of Downloads | 593 |
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