Ease of Movement (EOM)

Category: volume, momentum

Measures the relationship between price change and volume, showing how easily price moves. High values indicate price rising on low volume; low values indicate price falling on low volume.

Formula

\text{MidPoint} = \frac{High + Low}{2} \\ \text{MidPointChange} = \text{MidPoint} - \text{MidPoint}_{prev} \\ \text{BoxRatio} = \frac{Volume / Scale}{High - Low} \\ \text{RawEOM} = \frac{\text{MidPointChange}}{\text{BoxRatio}} \\ \text{EOM} = \text{SMA}(\text{RawEOM}, \text{Smoothing})

Inputs

• i_length (default: 14)
• i_smoothing (default: 14)

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