The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Technical Indicator Market Facilitation Index, BW MFI shows the price fluctuation fallen on one tick. Absolute values of the indicator do not have any meaning by themselves, only its changes make sense. Bill Williams attaches significance to the variation of indicator and volume:
Indicator Market Facilitation Index and volume have increased, it indicates that: a) more traders come into the market (volume is rising); b) just arrived traders open positions along with direction of the bar development, i.e. movement has started and races.
Indicator Market Facilitation Index and volume have decreased. It shows that traders` interest has started vanishing.Indicator Market Facilitation Index has risen, but volume has been reduced. Market is not supported by the volume from the traders` side, and price is changing due to the speculations of traders "on the floor" (intermediaries – brokers and dealers).
Indicator Market Facilitation Index has decreased but volume has grown. Bulls and bears are fighting which is followed by big volume of sales and purchases but insignificant price fluctuations because of approximately equal strengths. One of two opposing forces (buyers against sellers) will win. Usually breakthrough of such bar informs whether this bar determines the trend continuation or trend is annulled by it. Bill Williams names this bar "curtsying".
To calculate Market Facilitation Index you need to subtract the lowest bar price from the highest bar price and divide it by the volume.
BW MFI = RANGE*(HIGH-LOW)/VOLUME
Where:
RANGE - is the multiplication factor, which brings the difference in points down to whole numbers.
