Compact mode
Volume Profile vs Market Facilitation Index (MFI)
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Both*- VolumeIndicators that analyze trading volume to confirm price movements
Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedBoth*Volume Profile- FuturesThe asset classes Volume Profile is typically used for are Futures. Indicators designed for trading futures contracts across various asset classes. Click to see all.
- CryptocurrenciesThe asset classes Volume Profile is typically used for are Cryptocurrencies. Indicators tailored for the volatile and 24/7 nature of cryptocurrency trading. Click to see all.
Market Facilitation Index (MFI)- ForexThe asset classes Market Facilitation Index (MFI) is typically used for are Forex. Indicators optimized for currency pair trading in the foreign exchange market. Click to see all.
- CommoditiesThe asset classes Market Facilitation Index (MFI) is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.
Known for 💭
The unique selling point or distinguishing feature of the trading indicatorVolume Profile- Visualizing Trading Activity At Price LevelsVolume Profile is known for Visualizing Trading Activity At Price Levels.
Market Facilitation Index (MFI)- Relationship Between Price Movement And VolumeMarket Facilitation Index (MFI) is known for Relationship Between Price Movement And Volume.
Made In 🌍
The country or origin of the trading indicatorVolume ProfileMarket Facilitation Index (MFI)- USAMarket Facilitation Index (MFI) was developed in USA. Trading indicators developed by American market analysts
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Both*Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityVolume Profile- MediumThe popularity of Volume Profile among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Market Facilitation Index (MFI)- LowThe popularity of Market Facilitation Index (MFI) among traders is considered Low. Indicators with lower adoption but potential unique insights
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorVolume Profile- Originated from Market Profile analysis
Market Facilitation Index (MFI)- Developed by Bill Williams
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorVolume Profile- It's like a popularity contest for prices - but even the popular ones can let you down!
Market Facilitation Index (MFI)- It's like a traffic light for trades but sometimes all colors flash at once!
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.Both*- All TimeframesVersatile indicators suitable for any trading timeframe, from short-term to long-term analysis.
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Both*Signal Generation 📊
Describes the methods by which the indicator produces trading signalsVolume Profile- Support/Resistance LevelsVolume Profile generates trading signals through Support/Resistance Levels. Indicators that identify key price levels where the market tends to pause or reverse
- Value AreasVolume Profile generates trading signals through Value Areas. Indicators that identify price ranges where most trading activity occurs
Market Facilitation Index (MFI)- Color ChangesMarket Facilitation Index (MFI) generates trading signals through Color Changes. Indicators using color shifts to visually represent changing market conditions
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorVolume Profile- Time PeriodVolume Profile offers customization options for Time Period. Customizable time period for calculations Click to see all.
- Value Area PercentageVolume Profile offers customization options for Value Area Percentage. Customizable value area for price distribution analysis Click to see all.
Market Facilitation Index (MFI)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorVolume Profile- Institutional TradersVolume Profile is designed for Institutional Traders. Tailored for large-scale trading decisions and portfolio management Click to see all.
- Order Flow AnalystsVolume Profile is designed for Order Flow Analysts. Analyzes buying and selling pressure, revealing market participants' intentions Click to see all.
Market Facilitation Index (MFI)- Professional TradersMarket Facilitation Index (MFI) is designed for Professional Traders. Offers advanced analysis tools, suitable for sophisticated trading strategies Click to see all.
- Volume AnalystsMarket Facilitation Index (MFI) is designed for Volume Analysts. Focuses on trading volume patterns and anomalies, crucial for volume-based analysis Click to see all.
Purpose 📈
The primary purpose or application of the trading indicatorVolume Profile- Price DiscoveryVolume Profile is primarily used for Price Discovery. Indicators that aid in determining fair market value Click to see all.
- Support/Resistance IdentificationVolume Profile is primarily used for Support/Resistance Identification. Indicators that locate key price levels of market interest Click to see all.
Market Facilitation Index (MFI)- Market Efficiency AnalysisMarket Facilitation Index (MFI) is primarily used for Market Efficiency Analysis. Indicators that evaluate market information processing speed Click to see all.
- Trade Volume BalanceMarket Facilitation Index (MFI) is primarily used for Trade Volume Balance.
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorBoth*- Useful For Multiple Timeframes
Volume Profile- Shows Where Most Trading OccursReveals price zones with significant trading activity, useful for support/resistance analysis
- Identifies Key Price Levels
Market Facilitation Index (MFI)- Unique Volume-Price Relationship Analysis
- Identifies Market Phases
Cons 👎
Disadvantages or limitations of the trading indicatorVolume Profile- Can Be Cluttered On Charts
- Requires Understanding Of Market MicrostructureDescribes indicators that need knowledge of detailed market mechanics for effective use. Click to see all.
- Time-Consuming To Analyze
Market Facilitation Index (MFI)- Complex Interpretation
- Less Popular
- Requires Deep Market Understanding
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorVolume ProfileMarket Facilitation Index (MFI)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isBoth*Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesVolume ProfileMarket Facilitation Index (MFI)Customization Score 🔧
A score representing the degree of customization available for the trading indicatorVolume Profile- 7.5The customization score for Volume Profile is 7.5 out of 10.
Market Facilitation Index (MFI)- 7The customization score for Market Facilitation Index (MFI) is 7 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsVolume ProfileMarket Facilitation Index (MFI)
Alternatives to Volume Profile
Percentage Price Oscillator (PPO)
Known for Relative Strength Measurement
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is easier to use than Volume Profile
Klinger Oscillator
Known for Trend Reversals And Continuations
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Ichimoku Cloud
Known for All-In-One Indicator
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Chaikin Oscillator
Known for Accumulation/Distribution Trends
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Kaufman's Adaptive Moving Average (KAMA)
Known for Self-Adjusting Moving Average
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is easier to use than Volume Profile
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is more customizable than Volume Profile
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is rated higher overall than Volume Profile
Stochastic RSI
Known for Combining Strengths Of Two Popular Indicators
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is easier to use than Volume Profile
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is more customizable than Volume Profile
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is rated higher overall than Volume Profile
Hull Moving Average (HMA)
Known for Reducing Lag In Moving Averages
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is easier to use than Volume Profile
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is rated higher overall than Volume Profile
Accumulation/Distribution Line (A/D)
Known for Volume-Based Price Trends
💻
is easier to use than Volume Profile