Ease of Movement (EOM) – EFS

EOM.efs

File Name: EOM.efs

Description:
Ease of Movement (EOM)

Formula Parameters:

Notes:
This indicator gauges the magnitude of price and volume movement.
The indicator returns both positive and negative values where a
positive value means the market has moved up from yesterday's value
and a negative value means the market has moved down. A large positive
or large negative value indicates a large move in price and/or lighter
volume. A small positive or small negative value indicates a small move
in price and/or heavier volume.
A positive or negative numeric value. A positive value means the market
has moved up from yesterday's value, whereas, a negative value means the
market has moved down.

Download File:
EOM.efs

EFS Code:

/*********************************Provided By:      eSignal (Copyright c eSignal), a division of Interactive Data     Corporation. 2009. All rights reserved. This sample eSignal     Formula Script (EFS) is for educational purposes only and may be     modified and saved under a new file name.  eSignal is not responsible    for the functionality once modified.  eSignal reserves the right     to modify and overwrite this EFS file with each new release.Description:            Ease of Movement (EOM)    Version:            1.0  05/27/2009 Formula Parameters:                     Default:    Notes:    This indicator gauges the magnitude of price and volume movement.     The indicator returns both positive and negative values where a     positive value means the market has moved up from yesterday's value     and a negative value means the market has moved down. A large positive     or large negative value indicates a large move in price and/or lighter     volume. A small positive or small negative value indicates a small move     in price and/or heavier volume.    A positive or negative numeric value. A positive value means the market     has moved up from yesterday's value, whereas, a negative value means the     market has moved down.     **********************************/var bInit = false;function preMain() {    setStudyTitle("Ease of Movement");    setCursorLabelName("EOM", 0);    setDefaultBarFgColor(Color.red,0);    addBand(0, PS_SOLID, 1, Color.blue);    setPlotType(PLOTTYPE_HISTOGRAM);}var xEOM = null;function main() {var nBarState = getBarState();var nEOM = 0;    if (bInit == false) {        xEOM = efsInternal("Calc_EOM");        bInit = true;    }    nEOM = xEOM.getValue(0);    if (nEOM == null) return;    return nEOM;}var bSecondInit = false;var xHigh = null;var xLow = null;var xVolume = null;var xHalfRange = null;var xMidpointMove = null;function Calc_EOM() {var nRes = 0;var nHigh = 0;var nLow = 0;var nVolume = 0;var nBoxRatio = 0;var nHalfRange = 0;var nMidpointMove = 0;var nMidpointMove_1 = 0;    if (bSecondInit == false) {        xHigh = high();        xLow = low();        xVolume = volume();        xHalfRange = efsInternal("Calc_HalfRange");        xMidpointMove = mom(1, xHalfRange);         bSecondInit = true;    }    nHigh = xHigh.getValue(0);    nLow = xLow.getValue(0);    nVolume = xVolume.getValue(0);    nHalfRange = xHalfRange.getValue(0);    nMidpointMove = xMidpointMove.getValue(0);    nMidpointMove_1 =  xMidpointMove.getValue(-1);    if (nMidpointMove_1 == null) return;    if ((nHigh - nLow) != 0) {        nBoxRatio = nVolume / (nHigh - nLow);    } else {        nBoxRatio = 0;    }        if (nBoxRatio != 0) {        nRes = 1000000 * ((nMidpointMove - nMidpointMove_1) / nBoxRatio);    } else {        nRes = 0;    }    return nRes;}function Calc_HalfRange() {var nRes = 0;    nRes = (high(0) - low(0)) * 0.5;    return nRes;}