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

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        Article summary

        DXcharts powers DXtrade, DXfina, and FinCharts.
        Check our website to find more information about DXcharts library.

        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

        PLOTS

        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.

        PlotDescription
        MFIdxThe Market Facilitation Index plot
        Color

        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.

        Palette

        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.

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

        OVERLAYING

        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
        What's Next