Ease of Movement

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EaseOfMovement(Vector, Periods)
EOM(Divisor, Periods)

The Ease of Movement oscillator displays a unique relationship between price change and volume.

The Ease of Movement oscillator rises when prices are trending upwards under low volume, and likewise, the Ease of Movement oscillator falls when prices are trending downwards under low volume.

Recommended Parameters
Divisor: 10,000
Periods: 14

set BUY = EOM(10000, 14) > 0
Evaluates to buy when the Ease of Movement is in positive territory.

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