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I could be wrong, did some work with MFI several years ago.... seems like
it was a Dick Arms concept.
I do remember that TASC did a MFI deal years and years ago. You might be
able to search their data base.
Stewart.
At 01:11 PM 12/14/98 -0800, Jim Osborn wrote:
>"anatop" <anatop@xxxxxxxxxxx> writes:
>>Here is squat for what ever it is worth.
>>
>>{Paintbar: Squat}
>>Condition1 = Ticks[0] > Ticks[1] and MFI(Ticks)[0] < MFI(Ticks)[1];
>
>Um... close, but it's actually: ...and MFI[0] > MFI[1].
>That is, increasing volume AND increasing MFI.
>
>Ol' Bill claims to have invented the concept of MFI, but others
>have pointed out that the concept, in inverse form mathematically
>was really invented long ago by someone else (can't remember who).
>Still, the squat as an indicator that often occurs near turning
>points (what Bill opportunistically calls "fractals") does seem to
>have some value, with enough other stuff around it, and I did first
>hear about the idea from Bill Williams at a TAG lecture.
>
>As far as I can tell, that's the sum total of what Bill has to offer.
>There have been some absolutely scathing reviews of his $5K "course"
>here on this list. Having studied a bit of real chaos/fractal theory,
>I think I can say that Bill's offerings have absolutely nothing to
>do with that branch of mathematics. Just popular buzzwords at the time.
>
>Jim
>
>
Stewart Taylor
Taylor Fixed Income Outlook
Voice: 501-219-9774
Fax: 501-228-0963
E-Mail: staylor@xxxxxxx
Web Site: http://www.cei.net/~staylor/
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