OPEN-SOURCE SCRIPT
Edukasi Bar & MFI Profitmore
🎯 Profitmore Trade Indicator: Combination of Market Facilitation Index (MFI) & Bill Williams Bar Rules
This script is a visual aid designed for Profitmore Trade traders. It combines the Market Facilitation Index (MFI) by Bill Williams with his unique bar classification system. The main objective is to reveal the starting point of a new wave and the ending of the previous one, as emphasized in the Profitmore method.
🔍 Key Components:
An indicator by Bill Williams that measures the efficiency of price movement relative to volume. It’s calculated as (High - Low) ÷ Volume, and categorized based on the combination of MFI movement and volume: Green, Fade, Fake, and Squat.
Categorizes price bars into psychological market signals: bullish bar, bearish bar, inside bar, reversal bar, etc. Useful for detecting subtle shifts in market sentiment.
🎯 Use Cases:
✅ Identifies the zero point of a trend shift.
✅ Filters out false signals.
✅ Visualizes the market's driving forces.
✅ Suitable for multiple timeframes (D1, H4, H1).
📌 This script is intended for Profitmore Trade education participants, but is freely available as an open learning tool.
This script is a visual aid designed for Profitmore Trade traders. It combines the Market Facilitation Index (MFI) by Bill Williams with his unique bar classification system. The main objective is to reveal the starting point of a new wave and the ending of the previous one, as emphasized in the Profitmore method.
🔍 Key Components:
- MFI (Market Facilitation Index)
An indicator by Bill Williams that measures the efficiency of price movement relative to volume. It’s calculated as (High - Low) ÷ Volume, and categorized based on the combination of MFI movement and volume: Green, Fade, Fake, and Squat.
- Bar Classification (Bill Williams):
Categorizes price bars into psychological market signals: bullish bar, bearish bar, inside bar, reversal bar, etc. Useful for detecting subtle shifts in market sentiment.
🎯 Use Cases:
✅ Identifies the zero point of a trend shift.
✅ Filters out false signals.
✅ Visualizes the market's driving forces.
✅ Suitable for multiple timeframes (D1, H4, H1).
📌 This script is intended for Profitmore Trade education participants, but is freely available as an open learning tool.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。