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In order to easy understanding the book, i suggest to read and understand the related signal on other indicators (fibonacci, oscilator, etc).
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In his book "Trading Chaos" Bill Williams introduces a new method of combining price and volume in order to see the true market development. The key role belongs to unique indicator called the Market Facilitation Index (MFI).
BW MFI (Bill Williams Market Facilitation Index) uses a simple formula
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Please reading the book Trading Chaos carefully. This was very frustrating initially, but eventually will be very useful to know the end of a trend.
Volume and tick volume is another thing, this is a different matter from MFI.