Market Facilitation Index

In his book, Trading Chaos, Dr. Bill Williams, introduces a unique method of combining price action with volume. The main component of this method is a simple indicator he developed called the Market Facilitation Index (MFI). The MFI simply divides the day's range (high to low) by the total volume. The result shows the efficiency of price movement by quantifying the price movement per unit of volume.

Market Facilitation Index (MFI)(Parameters)

1. High. The cell reference for the range of High prices.
2. Low. The cell reference for the range of Low prices.
3. Volume. The cell reference for the range of Volume values.

Market Facilitation Index (MFI)(Syntax)

MarketFacilitationIndex(HIGH;LOW;VOLUME;DIRECTION)

Example
=MarketFacilitationIndex(A2:A2;L2:L2;K2:K2;1)