Market Facilitation Index

In 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:

MarketFacilitationIndex
MarketFacilitationIndex()
MarketFacilitationIndex(“OutPutStartCell”)

Inputs:

'High', 'Low', and 'Volume' columns values

Parameters:

• OutPutStartCell (default=the next blank column in the worksheet)

Examples:

MarketFacilitationIndex
MarketFacilitationIndex()
MarketFacilitationIndex(“G2”)
MarketFacilitationIndex(G2)