Apples and oranges. AB's MFI() is not the market facilitation index but rather a money flow index of which there are several versions. I assume that the Acheles article that you read discussed the interpretation of these bars (breakout, fake, fade, and squat) and their use with the other Williams indicators (alligator, AO, and AC) so you should be all set.
Bill ----- Original Message ----- From: chic195a To: [email protected] Sent: Wednesday, December 05, 2007 1:14 PM Subject: [amibroker] Market Facitation Index Can someone explain what the color bars in market facitation index mean ? There seems to be 3 colors Red, Green, Blue involved here. Does this indicator need to used with candle sticks only? I've read Technical Analysis by Achelis however Amibroker may treat the info in a diferent fashion. Also can one change the color in the color bars. I'm not familar with AFL and never changed any infor, technical indicators, or formula's. So please explain so a novice could understand. Is there a site on Amibroker that explains in depth what these and other specific indicators mean? Thank you ------------------------------------------------------------------------------ No virus found in this incoming message. Checked by AVG Free Edition. Version: 7.5.503 / Virus Database: 269.16.13/1167 - Release Date: 12/3/2007 12:20 PM
