Hi,

Workshop 4 uses MMI indicator. MMI can be fed with prices or price changes. Prices have always some serial correlation. In the workshop falling MMI fed with prices is a signal that market becomes more trendier: a new trend starts.

I wonder if MMI fed with price changes has any interpretation in this case? Does falling or rising MMI of price changes mean something?

MMI fed with prices and price changes often move in different direction: