Market Facilitation Index technical indicator (BW MFI) is the indicator which shows the change of price for one tick.
Absolute values of the indicator do not mean anything as they are, only indicator changes have sense. Bill Williams emphasizes the interchanging of MFI and volume:
Market Facilitaion Index indicator
To calculate Market Facilitation Index you need to subtract the lowest bar price from the highest bar price and divide it by the volume.
BW MFI = (HIGH - LOW) / VOLUME
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/36
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