This is Bill Williams' Gator Oscillator It's purpose is to easily show the varying distance between the lines of the Alligator indicator. The lower part of the oscillator is the distance between the red and green lines. The upper part of the oscillator is the distance between the red and blue lines. A value greater than the last results in a green bar; less than...
The Market Facilitation Index is an indicator that relates price range to volume and measures the efficency of price movement. Use the indicator to determine if the market is trending. If the Market Facilitation Index increased, then the market is facilitating trade and is more efficient, implying that the market is trending. If the Market...
***** NOTE: You may see all GREEN circles (it is due to a recent TV update). To work around this issue, change the "Circles" to "Cross" via Format -> Style ***** Market Facilitation Index, by Bill Williams, plots the effectiveness of price movement by computing the price movement per volume unit. 4 possible combinations of MFIndex and Volume are: Green :...