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Ease of Movement Indicator

The Ease of Movement indicator, designed by Richard Arms, highlights the relationship between volume and price changes.  Since most breakouts to the up or down side are supposed to be confirmed by volume, using the Ease of Movement indicator will help confirm those breakouts.  A buy signal may be flagged when the indicator crosses the zero line to the up side.  The sell signal may be given when the indicator line crosses below the zero line.

See Also

Ease of Movement Developer Help