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Volume

Ease of Movement

EOM

Divides the midpoint price change by the box ratio (volume divided by the high-low range) to measure how easily price moves. Readings far from zero mean price is moving freely; readings near zero mean heavy volume is needed for any movement.

Tips

Large positive EOM during a price rally confirms the move is happening with minimal effort—a sign of a healthy uptrend
EOM near zero during a breakout is a red flag: the move is requiring unusually heavy volume to push price higher

Parameters

Period
2 - 100