fix(docs): correct .md documentation across errors, dynamics, filters, forecasts, momentum, numerics, oscillators, reversals, statistics, trends, volatility, volume
2026-03-10 18:38:23 -07:00
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// Licensed under the Apache License, Version 2.0
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// © mihakralj
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2026-02-26 22:02:52 -08:00
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//@version=6
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fix(docs): correct .md documentation across errors, dynamics, filters, forecasts, momentum, numerics, oscillators, reversals, statistics, trends, volatility, volume
2026-03-10 18:38:23 -07:00
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indicator("Market Facilitation Index (MARKETFI)", "MARKETFI", overlay=false)
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2026-02-26 22:02:52 -08:00
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// Bill Williams' Market Facilitation Index (BW MFI)
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// Measures price movement efficiency per unit of volume.
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// High MFI + rising volume = strong trend (green)
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// Low MFI + falling volume = squat / accumulation (brown)
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// Guard: volume == 0 produces 0.0 (no market activity = no MFI)
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mfi = volume != 0 ? (high - low) / volume : 0.0
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plot(mfi, title="MARKETFI", color=color.blue, linewidth=2)
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hline(0, "Zero", color=color.gray, linestyle=hline.style_dashed)
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