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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 -----
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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