Modified Ease of Movement :
* Open Interests used on Futures instead of Volume (Includes Bitcoin)
* Exponential Moving Average used instead of Simple Moving Average
* Division Number cancelled. (Division Number gives wrong signals inside strong trends.)
NOTE : This code is open source under the MIT License. If you have any improvements or corrections to...
Here’s a handy Ease of Movement(EMV) Indicator. I tried to include detailed comments so that anyone that’s learning pine can follow along.
The Ease of Movement Indicator is a volume based oscillator that is designed to measure the ease (or movability) of price movement for a security. The EMV is a centered oscillator, meaning that values can fluctuate above and...
Before anything, take notes of the script limitations :
1) This script doesn't give trading information on itself.
It is intended has additional value to my other script named : Time Dilated Donchian Channel
Blue line = Normal time of the day
Orange line = Observed time of the day
Red line = What if time travel was allowed... Which time would I observe?
This is a variant of my ADV indicator which adds low/high volume trend, supply/demand absorption detection and separate buy/sell volume moving averages. When aggregation is set to cumulative, it can replicate my ADL indicator as well. It shows both regular volume bars and the accumulated/distributed (A/D) portions of volume.
Green line shows buy...
Real price movement vs. expectation based on volume. Useful for evaluating price/volume relationship and drawing insight.
The blue line is real % price movement. The background columns represent the expected % price movement based on the volume of that candle.
Similar to Ease of Movement in concept, but more appropriate for studying price action bar by bar....
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