Note
Since this is a volume based indicator it’s best to set it’s Calculate parameter to ‘On each tick’.
Alerts
- When the Ease Of Movement crosses zero
Signals
| Strong Long | When the histogram is above zero and rising |
| Weak Long | When the histogram is above zero and falling |
| None | When the histogram is zero (almost never) |
| Weak Short | When the histogram is below zero and rising |
| Strong Short | When the histogram is below zero and falling |
Settings
| Smoothing | The smoothing period |
| Volume divisor | The value used to calculate the box ratio |
| Lines | Enable this to plot the line behind the price bars |
| Zero line | The style of the zero line |
| Ease of Movement | The style of the Ease of Movement plot, default a histogram. Note that this plot will be colored automatically based on the signal (so it has four colors). |