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Arm’s Ease of Movement Value
Source: https://fxcodebase.com/code/viewtopic.php?f=48&t=65994
Forum: 48 · Topic 65994 · 1 post(s)
Arm’s Ease of Movement Value
Alexander.Gettinger · Tue May 01, 2018 11:09 am
The Arms’ Ease of Movement Value (EMV) is a momentum indicator developed by Richard W. Arms, Jr. The indicator takes into account both volume and price changes to quantify the ease (or difficulty) of price movements.
EMV = (((CurrHigh + CurrLow)/2) - ((PrevHigh + PrevLow)/2)) / ((CurrVolume)/( CurrHigh - CurrLow)) ;
Download:
For this oscillator must be installed Averages indicator (viewtopic.php?f=17&t=2430).