When I received a response from Brian which was very helpful, the thought of
similarities between money flow and market facilitaor index didn't even enter
my mind. I did use money flow in some of my chart indicators and market
facilitator in others. but didn't realize the connection. I'm trying to use
combinations from the existing charts to create enter and exits points for some
stocks..
Under Charts there is the Money Flow Index and the Market Facilitation Index.
The Money Flow, index, from what I gather, seems to mean that money flow is
dependent upon actual price increase or decrease,and thus not independant true
money flow. The money flow index takes the H+L+C / 3 X Vol.Whereas the
Facilitator uses H - L / Vol. ACHELIS doesn't explain about alligator, Ao,
Ac.mean,
Do you think there is any merit in one indicator here over the other, or are
both ineffective? Do you ever use these indicators in conjunction with other
Williams indicators? { Please excuse my ignorance here as I have belonged to
Amibroker for over 2 years but due a lengthy illness have not had inclination
to pursue Amibroker in depth]
Thanks
wavemechanic <[EMAIL PROTECTED]> wrote:
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
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