Skip to content
All library documents

CronexMFI: Applying MACD to the Market Facilitation Index

Article MQL5 code base
Read the original

Summary

CronexMFI adapts the MACD indicator by using Market Facilitation Index (MFI) values in place of prices. It displays the resulting calculation as a colored cloud, offering a way to visualize changes in the MFI series through a familiar indicator format.

The description provides no trading rules, performance tests, or evidence that the transformation improves signals. It also gives no parameter details or interpretation guidance for the cloud, so traders would need to assess how to use it and test it in their own market and timeframe. The implementation depends on a separate smoothing library, but that setup requirement does not establish how well the indicator performs.

Key ideas

  • The indicator applies MACD calculations to a series of Market Facilitation Index values instead of prices.
  • It represents the output as a colored cloud.
  • The description gives no entry rules or performance evidence.
  • Its calculation relies on an external smoothing library.

Tags

Technical indicators

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.