Description:
The Ease of Movement Index (EMV) is a technical analysis indicator measuring the relationship between an asset’s price change and trading volume. Developed by Richard W. Arms, Jr., the EMV highlights the strength of a trend by correlating price changes to volume levels.
Input Parameters:
n/a
Use Cases:
- Bullish/Bearish Trends: Traders can use the EMV to identify bullish or bearish trends and potential entry and exit points. A rising EMV suggests a strong upward trend, while a falling EMV indicates a strong downward trend.
- Combining with other indicators: To improve the accuracy of the analysis, traders can combine the EMV with other technical indicators such as the RSI, MACD, or moving averages.
This feature can be used in:
- Market Scanner
- Strategy Tester
- Multi-Factor Alerts
- Smart Checklist
Do you want to learn more? Check out our Learning Center Article.
May 11, 2024