EOM
Ease of Movement
Description
The Ease of Movement indicator is used to
illustrate the relationship between the rate of a stock's price change and its
volume. This indicator attempts to identify the amount of volume required to
move prices. A high positive value appears when prices move up on low volume and
a high negative number appears when prices move down on low volume.
Category
Momentum Indicators
Parameters
N ( Default: 14
Min: 1 Max: 1000 )
Chart Script
MP:=(H+L)/2;
MM :=MP-REF(MP,1);
BR
:=V/(H-L)/1000000;
EOM : MM/BR;
MA(EOM,N);