Ease of Movement Formula
The ease of movement formula uses the close price and volume to measure the strength of the price trend. A value close to zero indicates that prices are not moving easily, while a high positive value indicates that prices are going up easily and a high negative value indicates that prices are going down easily.
Formula Details
Syntax
Chart.DataManipulator.FinancialFormula(
FinancialFormula.EaseOfMovement,
"Close,Volume",
"EOM")
Input Values
This formula takes three input Y values.
High
Daily high price.Low
Daily low price.Volume
Daily volume.
Output Value
This formula outputs one Y value.
- EOM
Ease of movement indicator.
Remarks
The Line chart type is a convenient chart type to display the formula output. It is useful to also plot its exponential moving average in the same chart.
Example
The following example calculates the ease of movement indicator, then calculates the exponential moving average of the ease of movement indicator.
' Calculate the ease of movement
Chart1.DataManipulator.FinancialFormula (FinancialFormula.EaseOfMovement, "Series1:Y,Series1:Y2,Series2:Y", "Series3:Y")
' Calculate its exponential moving average
Chart1.DataManipulator.FinancialFormula (FinancialFormula.ExponentialMovingAverage,"14", "Series3:Y", "Series4:Y")
// Calculate the ease of movement
Chart1.DataManipulator.FinancialFormula (FinancialFormula.EaseOfMovement, "Series1:Y,Series1:Y2,Series2:Y", "Series3:Y");
// Calculate its exponential moving average
Chart1.DataManipulator.FinancialFormula (FinancialFormula.ExponentialMovingAverage,"14", "Series3:Y", "Series4:Y");
See Also
Reference
Exponential Moving Average Formula
System.Windows.Forms.DataVisualization.Charting
System.Web.UI.DataVisualization.Charting