MFI Forex Indicator

Trading volume is the main measurable indicator in determining price levels in the market. The trading volume increases at the highest activity and can influence the price trend, either strengthening it or changing its direction. Actually, the main reason for studying this indicator is an objective analysis of the market situation at the moment. Most traders prefer the Market Facilitation Index (MFI) indicator, as it perfectly copes with the above tasks. Let's take a closer look at the functionality, setup, and application of this tool.

  Trading volume is the principal measurable indicator in determining price levels in the market. The trading volume increases at the highest activity of traders and can influence the price trend, either strengthening it or changing its direction.