Market facilitation Index

[mjackson]

Hello

There is built in indicator in MetaTrader: Market facilitation Index...Indicator is based on volume ...Indicator is presented in separate window ( like stochastic, RSI and many others) I would like to have this indicator on the chart so instead bars to have * or diamond or square, circle...alert separate for each symbol, able to turn on/off each symbol ( instead to use color "none"). Thank you.

 

[Enivid]

I don't quite understand, how would it draw itself on the main chart?

And you understand that this indicator is based on volume and is thus useless for Forex trading, right?

 

[mjackson]

I don't quite understand, how would it draw itself on the main chart?...

for example green bar in indicator would be presented above coresponding price bar as a dot...then blue bar in indicator would be presented as square etc. therefore separate indicator's window would be eliminated.

 

[Enivid]

But what to do with the indicator's bars length?

 

[mjackson]

But what to do with the indicator's bars length?

Length of the bar is created based on simply mathematical formula...Length of the bar is not important....Activity of professionals is important....and by practising to interpret this or some other volume indicators trader can figure out intention of professionals...

 

[Enivid]

So you just want colors transferred, right?

 

[mjackson]

Yes, you can chose one simbol like square or dot(circle) in different colors. Thank you

 

[Enivid]

What platform do you need it for - MT4 or MT5?

 

[mjackson]

both but make it for mt4 first, please....and thank you

 

[Enivid]

OK, see the attached indicators. MT4 and MT5 work the same. You can change colors to whatever you like.

 

[mjackson]

OK, see the attached indicators. MT4 and MT5 work the same. You can change colors to whatever you like.

Thank you very much. that is basicly how it should be. I am testing it now...

 

[mjackson]

Indicator is OK...signal on last bar repaints until bar is closed due to formula...
Of course, needs practising to intrpret in over all picture.

I would need one small modification which is ability to turn on /off each signal like false /true. Thank you.

 

[gozila]

OK, see the attached indicators. MT4 and MT5 work the same. You can change colors to whatever you like.

please Enivid, can you add sound alert for this indicator