BWMFI
forge.taclassSince Forge API 1
Signaturepython
forge.ta.BWMFI(**inputs: Any) -> NonePrice range per unit of volume, with Bill Williams' four colours.
Inputs
| Name | Type | Default |
|---|---|---|
| volume | volume | tick |
Indicator: Market facilitation index
MFI = (high - low) / volume, empty where the volume is 0
phase: 0 green (MFI up, volume up), 1 fade (down, down), 2 fake (MFI up, volume down), 3 squat (MFI down, volume up). The directions start up and change only when the value strictly changes from the previous bar.