Market Facilitation Index - Trading Software

Market Facilitation Index

dare2
2013-01-26 16:44:23

Would someone who is savvy in coding please be so kind to translate the following Amibroker code for this indicator into the Quantshare language?

Thank you,
Darrell Allen

function MassIndex( period1, period2 )
{
diff = H - L;
ediff = EMA( diff, period1 );
eediff = EMA( ediff, period1 );
return Sum( ediff/eediff, period2 );
}

Plot( MassIndex( Param("Period 1", 9, 2, 100 ), Param("Period 2", 25, 2, 100 ) ),
_DEFAULT_NAME(), ParamColor("Color", ColorCycle ) );

allan nathan
2013-01-27 22:09:43

I will try to code this up for you...What confuses me are the { and }...

Do you know what significance they have?

Allan

dare2
2013-01-27 23:48:52

No I do not Allan. I will try and find out and let you know. Any help will be appreciated.

Darrell

dare2
2013-01-28 01:48:51

Apparently, "curly brackets" are used to denote the beginning and ending of sequencing statements.

Darrell

QuantShare
2013-01-28 16:59:14

The Mass Indicator is already available in the sharing server:
Mass Index Indicator

Mass Index Indicator (by bug man, uploaded several months ago)

No notes

dare2
2013-01-28 17:16:06

I do not want the Mass Indicator. I am looking for the Market Facilitation Index.

Darrell

clonex
2013-01-28 18:52:28

i will create Market Facilitation today for you

QuantShare
2013-01-28 19:28:38

The Mass Indicator has exactly the same formula as the one you posted above.

dare2
2013-01-28 21:03:58

You are correct I posted the wrong formula. The following is the Market Facilitation Index:

function MarketFacilitationIndex()
{
return ( High - Low )/Volume;
}

mfac = MarketFacilitationIndex();
rm = ROC( mfac, 1 );
rv = ROC( Volume, 1 );

Color = IIf( rm > 0 AND rv > 0, colorGreen,
IIf( rm < 0 AND rv < 0, colorBrown,
IIf( rm > 0 AND rv < 0, colorBlue,
IIf( rm < 0 AND rv > 0, ColorRGB(255,128,192), colorLightGrey ) ) ) );

Plot( mfac, _DEFAULT_NAME(), Color, ParamStyle("Style", styleHistogram | styleThick, maskHistogram ) );

dare2
2013-01-28 21:04:39

Thanks Clonex.

dare2
2013-01-28 21:52:16

My apologies for posting the wrong formula.

Darrell

QuantShare
2013-02-04 11:14:15

Here is the formula of the Market Facilitation Index:

mfac = (high - low) / volume;
rm = roc( mfac, 1);
rv = roc(volume, 1);

Plot(mfac, "Market Facilitation Index", colorLightGray, ChartBar);
UpdateColor(rm > 0 AND rv > 0, colorGreen);
UpdateColor(rm < 0 AND rv < 0, colorBrown);
UpdateColor(rm > 0 AND rv < 0, colorBlue);
UpdateColor(rm < 0 AND rv > 0, colorLightCoral);

dare2
2013-02-04 14:11:54

Thanks, but it will not compile. I am getting 36 errors?

Darrell

QuantShare
2013-02-04 20:12:03

You should paste this formula in the editor that appears after right click on a chart/pane then selecting "Edit Formula".

allan nathan
2013-02-05 18:27:09

Works fine for me

allan nathan
2013-02-05 18:31:49

Works fine for me

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