BWMFI Bars Indicator

Platform: MT4 Type: Volatility

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Last update: October 23, 2024

The BWMFI Bars Indicator for MT4 is a forex trading tool based on the Market Facilitation Index that measures the strength or weakness behind a price move by calculating the change in price per one tick.

This indicator colorizes the candles accordingly. It doesn’t generate buy/sell trading signals on its own, but it’s helpful in technical analysis.

Example chart:

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