Market Facilitation Index

Market Facilitation Index
The following formulas were constructed using interpretation of a technical analysis of stocks and Commodities magazine in June 1994, article "The Market Facilitation Index", by Gary Hoover.
Taken from stocks and commodities, ext. 12:06 (253-254): In the market to make life easier by Gary Hoover
"Application of technical analysis of the development of trading signals begins with an investigation into price movement and volume often includes studies to improve trading accuracy. Market Facilitation Index (MFI) is an indicator that synthesizes both price and volume analysis. The MFI is relative to the current bar moving (high low) volume of the bar.
The MFI is designed to measure the efficiency of price movement. The efficiency is measured by comparing the current bar value of MFI MFI value for the previous bar. If the MFI increased, then the market is facilitating trade and more efficient, meaning that the market is trending. If the MFI reduced, then the market becomes less effective, which may indicate a trading range is developing that may be a trend reversal .... "
Range:
High-Low
MFI:
Fml ("Field") / Tom
Effectiveness:
If (Fml ("MFI "),>, Ref (Fml (" MFI "), -1), 1, If (Fml (" MFI "),<, Ref (Fml ("MFI"), -1), -1, If (Fml ("MFI "),=, Ref (Fml (" MFI "), -1), 0,0)))
Where:
+1 = Increase
-1 = Decrease
0 = unchanged
Compare the market for relief:
If (V,>, Ref (V, -1), If (Fml ("MFI "),>, Ref (Fml (" MFI "), -1), 1, If (Fml (" MFI "), < , Ref (Fml ("MFI"), -1), 2,0)) If (C, <, Ref (V, -1), If (Fml ("MFI "),>, Ref (Fml (" MFI "), -1), 3, If (Fml (" MFI "),<, Ref (Fml ("MFI"), -1), 4,0)), 0))
Where:
1 = + +
2 = + -
3 = -, +
4 = -, -