Public Overloads Shared Function MarketFacilitationIndex( _
   ByVal sc As SeriesCollection _
) As SeriesCollection

Visual Basic (Usage)	Copy Code
Dim sc As SeriesCollection Dim value As SeriesCollection   value = FinancialEngine.MarketFacilitationIndex(sc)

public static SeriesCollection MarketFacilitationIndex( 
   SeriesCollection sc
)

Parameters

sc

A collection of series objects. For example, to evaluate this indicator for two series you will need to pass a series collection containing this two series.

Evaluation

The formula for the calculation of MFI is:
MFI = (high - low)/volume
where high is the highest traded price during the period, low is the lowest traded price during the period and, volume is the overall volume traded on that period.

Interpretation

There are four types of trading sessions called:

1. Fakes - volume is low but MFI is rising
2. Fades - both volume and MFI is down (the price might move in the opposite direction)
3. Squats - the volume is up, MFI is down
4. Greens - when the MFI and volume are up which represent a strong signal to follow the trendline

Reference