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)) ;
On Raw Data we apply Smoothing .
emv.lua- (3.92 KiB) Downloaded 966 times
Please install Averages Indicator.
viewtopic.php?f=17&t=2430
The indicator was revised and updated
