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Miha Kralj
35a6702b06
Deep review of all indicator categories verified .md headers against .cs WarmupPeriod, parameters, inputs, and outputs. Fixes include warmup corrections, parameter documentation, output type accuracy, and Pine Script alignment.
16 lines
617 B
Plaintext
16 lines
617 B
Plaintext
// Licensed under the Apache License, Version 2.0
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// © mihakralj
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//@version=6
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indicator("Market Facilitation Index (MARKETFI)", "MARKETFI", overlay=false)
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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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