Mkt Facilitation Idx (Indicator)Analysis Techniques & Strategies
Mkt Facilitation Idx (Indicator)
| Name | Expression | Default | Description |
| AlertLength | Numeric | 14 | Number of bars to determine the Alert criteria. |
The Market Facilitation Index indicator calculates and plots a measure of the efficiency of price movement by measuring the range per bar relative to the volume per bar. A market is considered efficient when a wide price range is accompanied by low volume. Conversely, a market is considered less efficient when a narrow price range is accompanied by high volume.
| Number | Name | Default Color | Description |
| Plot1 | MktFacilX | Red | Plots the market facilitation index. |
When applied to a chart, this indicator displays one plot in a separate subgraph from the price data.
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