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Market Facilitation Index (BW MFI):
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:
a) the number of players coming into the market increases (volume increases);
b) the new coming players open positions in the direction of bar development, i.e., the movement has begun and picks up speed.
Author: MetaQuotes Software Corp.