EaseOfMovementReturn Ease of Movement technical indicator value over last N periods.
Syntax :
|
1 |
EaseOfMovement[N] |
Calculation:
EMV = 1000000 * (high – low) / 2*(high + low – (high[1] + low[1])) / volume
EaseOfMovement = ExponentialAverage(EMV)
Interpretation:
This indicator compares volumes and prices at the same time. If the EMV rises above the 0 level, a buy signal is announced and when the EMV falls below the 0 level it’s a sell signal.
