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• The Market Facilitation Index by Gary Hoover

  ARTICLE SYNOPSIS ...The Market Facilitation Index by Gary Hoover Here's how trader Gary Hoover uses the Market Facilitation Index for day trading. Applying technical analysis to developing trading signals begins with the investigation of price movement and often incorporates volume studies to improve trading accuracy. The Market Facilitation Index (MFI) is one indicator that synthesizes both price and volume analysis. The MFI is the ratio of the current bar's range (high-low) to the bar's volume. MFI = range/volume The MFI is designed to gauge the efficiency of price movement. The efficiency is measured by c...

AUTHOR: Gary HooverDATE: JUN 1994