Market Facilitation Index (MFI) Indicator for MetaTrader 4 Download - Free

The Market Facilitation Index (MFI) is an oscillator available in MetaTrader 4, designed to analyze price behavior and measure strength across various markets such as Forex.

By examining trading volume and price fluctuations, this indicator helps determine whether the market has sufficient volume to sustain its movement.

The Market Facilitation Index (MFI) is calculated by dividing the candlestick range (High - Low) by its tick volume.

This measures the relationship between price movement and market activity, helping traders assess whether the market has enough volume to sustain its trend.

MFI Indicator Specifications Table

The table below summarizes the key specifications of the Market Facilitation Index (MFI) Indicator.

MFI Indicator in an Uptrend

In the image below, histogram bars are relatively increasing, confirming the uptrend in the GBP/NZD chart. The presence of large green and blue bars signifies strong volume, validating the trend. If volume starts to decline, it may indicate an opportunity to exit the trade.

MFI Indicator in a Downtrend

In the downtrend scenario, decreasing histogram volume indicates the beginning of a new trend. This decline reflects weakness in histogram bars, signaling the absence of buyers. As a result, the market enters a corrective phase to attract liquidity at lower levels.

MFI Indicator Settings

The following image displays the detailed settings section of the Market Facilitation Index (MFI) Indicator:

• Type of Volume: Defines the volume calculation method

Conclusion

The Market Facilitation Index (MFI) is a technical analysis indicator in MetaTrader 4, developed by Bill Williams.

This indicator does not directly generate entry signals, but by analyzing volume fluctuations in histogram bars, it helps traders identify potential trade entry points.