Thanks for the reply. What is great about Amibroker is experimentation with a
combination of different indicators. Also the insight and contribution of the
Amibroker group.
Now you are getting into "philosophy." But FWIW I never use any
indicator in a "vacuum" but only in conjunction with others (being sure that
they are not all of the same "class" such as momentum, trend, etc.) and
charting techniques, including EW, Fibonacci patterns, etc., requiring a
confluence of signals across various time periods. As for your question about
the Williams indicators, I have not found the Market Facilitation Index to be
particularly useful by itself. However, when combined with his other
indicators things look better but even then other stuff should confirm - at
least that is the way that I use it. If you are interested in Williams
approach I suggest that you pick up his book or Google for overview articles.
Bill
----- Original Message -----
From: CM TOMSON
To: [email protected]
Sent: Friday, December 07, 2007 1:28 AM
Subject: Re: [amibroker] Market Facitation Index
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 discussedthe 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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