Ease of Movement Formula (Chart Controls)

  • Article

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.

Sample plot of the ease of movement

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

Concepts

Financial Formulas
Applying Formulas