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Green (Market Facilitation Index)

Article/Author: "Market Facilitation Index"
                              Thom Hartle Stocks&Commodities magazine, 08/1996

Download: mfi.ela

Category: PaintBar

Description: 1 of set of 4 PainBar studies.

EasyLanguage Code:
IF RANGE/IFF(V<>0,V,1)>RANGE[1]/IFF(V[1]<>0,V[1],1) AND VOLUME>VOLUME[1] THEN BEGIN

PLOT1(HIGH,"PBHIGH");
PLOT2(LOW,"PBLOW");
IF CHECKALERT THEN ALERT;
END;