Market Facilitation Index

DrNon

Title: NASDAQ 10 Index with TOP 10 Securities Introduction: TradingView offers traders and investors a powerful platform for technical analysis and trading. One of its notable features is the ability to create custom indices based on the values of multiple individual securities. In this blog post, we will explore how to build a custom index with 10 securities in...

BillionaireLau

Orange: the (close - open) of NQ before market open Blue: the (close - open) if NQ after market open White wicks: the vibrating range of that day

yehonatan.bus

This is a simple market cap indicator . it allows you to see the actual market cap of a stock, live, on the chart, right next to the stock price. The indicator uses the data provided by Tradingview to calculate the market cap based on the simple calculation of outstanding shares times the price, at any given time. The indicator can be used to compare the actual...

Noldo

Original script from ChartChampions : Let's start. This script was created by using Open Interest instead of Volume in the Market Facilitation Index. Thus, it can make a difference in the Future and CFD Markets. If your financial instrument is not from these markets, that is, if Open Interest is not used, you can choose Volume. You can set "FUTURES" and...

rifkyali Updated 

Nekat Trading Bareng

scarf Wizard

Helps to evaluate if a market is crypto, forex or stocks. Useful if you want to use specific Ichimoku settings or certain moving averages without having to manually change the settings. This is mostly provided for other Pinescript coders, so will not be useful as a standalone indicator

PatekCharts1 Updated 

Using Market Facilitation Index - MFI you will be able to recognise two important metrics: Whether the current trend is strong enough to trade it. When a new trend may start. MFI combines changes in price (range) and volume. Here is the formula: MFI = (High – Low) * Volume The indicator has bars of four colours. Each colour has a specific meaning and shows...

ngh2780 Updated 

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. More info : en.wikipedia.org

MichaelNiu

Market Facilitation Index (MFI)

HPotter Wizard

The Market Facilitation Index is an indicator that relates price range to volume and measures the efficency of price movement. Use the indicator to determine if the market is trending. If the Market Facilitation Index increased, then the market is facilitating trade and is more efficient, implying that the market is trending. If the Market...

LazyBear Wizard

***** NOTE: You may see all GREEN circles (it is due to a recent TV update). To work around this issue, change the "Circles" to "Cross" via Format -> Style ***** Market Facilitation Index, by Bill Williams, plots the effectiveness of price movement by computing the price movement per volume unit. 4 possible combinations of MFIndex and Volume are: Green :...