Market Facilitation Index (MFI)
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    Market Facilitation Index (MFI)

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    Article summary

    DXcharts powers DXtrade, DXfina, and FinCharts.
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    The Market Facilitation Index (MFI) indicator helps predict trend continuation or reversals by measuring an asset's price that should be interpreted in connection with the volume changes. There are 4 situations available:

    • MFI increases and the volume increases - the trend continuation
    • MFI decreases and the volume decreases - the market participants lost interest
    • MFI increases, the volume decreases - upcoming trend reversal
    • MFI decreases, the volume increases - both trend continuation and reversal are possible

    The Market Facilitation Index is calculated as the difference between the day's low and high divided by the total volume.

    MFI = (High - Low) / Volume

    Market Facilitation IndexMarket Facilitation Index


    The plot renders the data you are working with on the chart. You can show/hide a plot by clicking the corresponding item in the settings. Every plot has a set of basic settings that you can change: color, weight, and type.

    MFIdxThe Market Facilitation Index plot

    Click the color rectangle under the plot's name to open the palette. Use the slider at the bottom to set the opacity of the color.


    To create a custom color:

    1. Clickto open the color picker
    2. By using the slider at the bottom, adjust the main color
    3. Then, set a shade for the main color on the palette

    The custom-created colors are added to your palette. To remove a custom color, drag it out of the palette.

    Change the value (in px) to adjust the thickness of the plot.
    The following plot types are available:
    • Linear. The plot is displayed as a line.
    • Column. The plot is displayed as a histogram.
    • DifferenceThe plot is displayed as a line which represents the difference between High and Low prices of the bar.
    • PointsThe plot is displayed as points.
    • Text above candleThe plot is displayed as the price labels above candles on the chart.
    • Text below candleThe plot is displayed as the price labels below candles on the chart.
    • Triangle above candleThe plot is displayed as triangles above candles on the chart.
    • Color candle. The candles on candle-type charts are highlighted with specified colors.


    Check Overlaying to display the indicator on the chart. Otherwise, the indicator is shown in a study pane down below.

    Note: To reset the settings, click Restore to Default next to the SETTINGS: INDICATOR'S TITLE

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