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Market Facilitation Index
Charles Wright
TASC, October 1989
Page 93
Im not sure what Bill Williams claims, I've never been exposed to his work,
but Charles Wright claims that the MFI was his.
At 03:35 PM 12/14/98 -0600, Stewart Taylor wrote:
>
>I could be wrong, did some work with MFI several years ago.... seems like
>it was a Dick Arms concept.
>
>I do remember that TASC did a MFI deal years and years ago. You might be
>able to search their data base.
>
>Stewart.
>
>
>At 01:11 PM 12/14/98 -0800, Jim Osborn wrote:
>>"anatop" <anatop@xxxxxxxxxxx> writes:
>>>Here is squat for what ever it is worth.
>>>
>>>{Paintbar: Squat}
>>>Condition1 = Ticks[0] > Ticks[1] and MFI(Ticks)[0] < MFI(Ticks)[1];
>>
>>Um... close, but it's actually: ...and MFI[0] > MFI[1].
>>That is, increasing volume AND increasing MFI.
>>
>>Ol' Bill claims to have invented the concept of MFI, but others
>>have pointed out that the concept, in inverse form mathematically
>>was really invented long ago by someone else (can't remember who).
>>Still, the squat as an indicator that often occurs near turning
>>points (what Bill opportunistically calls "fractals") does seem to
>>have some value, with enough other stuff around it, and I did first
>>hear about the idea from Bill Williams at a TAG lecture.
>>
>>As far as I can tell, that's the sum total of what Bill has to offer.
>>There have been some absolutely scathing reviews of his $5K "course"
>>here on this list. Having studied a bit of real chaos/fractal theory,
>>I think I can say that Bill's offerings have absolutely nothing to
>>do with that branch of mathematics. Just popular buzzwords at the time.
>>
>>Jim
>>
>>
>Stewart Taylor
>Taylor Fixed Income Outlook
>Voice: 501-219-9774
>Fax: 501-228-0963
>E-Mail: staylor@xxxxxxx
>Web Site: http://www.cei.net/~staylor/
>
>
Stewart Taylor
Taylor Fixed Income Outlook
Voice: 501-219-9774
Fax: 501-228-0963
E-Mail: staylor@xxxxxxx
Web Site: http://www.cei.net/~staylor/
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