Download: EASE_OF_MOV.ELA
Category: Indicator > Volume Based
Description:
The Ease of Movement indicator calculates and plots a measure of the relationship between price and volume.
Usage:
For instance, a market that rises on low volume exhibits a high Ease of Movement, generating positive values for this indicator. Negative values are generated when prices move down with light volume. When the indicator is near zero, either prices are not moving or heavy volume is required to move prices.
No Inputs
EasyLanguage Code:
PLOT1(EASEOFMOVEMENT, "EOM");
PLOT2(0, "ZERO");
{ALERT CRITERIA}
IF PLOT1 CROSSES OVER 0 THEN
ALERT("EASE OF MOVEMENT HAS CROSSED OVER ZERO")
ELSE
IF PLOT1 CROSSES UNDER 0 THEN
ALERT("EASE OF MOVEMENT HAS CROSSED UNDER ZERO");