Relates price change to volume — shows how easily the price moves.
Ease of Movement (EMV) relates the direction and speed of price change to traded volume. High positive values indicate that the price rises easily on low volume; low negative values indicate that the price falls easily. It is smoothed with a simple moving average.
Formula:
Midpoint Move = (High + Low)/2 - (High_prev + Low_prev)/2
Box Ratio = Volume / (High - Low)
EMV_raw = Midpoint Move / Box Ratio
EMV = SMA(EMV_raw, period)
Parameter Type Default Range / Values Periodint 14 1-200
Trigger Direction Condition Description Level cross up 🟢 Buy The indicator value crossed the specified level from below. The EMV line crosses the configurable level Level from below. Level is set in the trigger parameters. Level cross down 🔴 Sell The indicator value crossed the specified level from above. The EMV line crosses the Level level from above. Level is set in the trigger parameters. Value above level by N 🟢 Buy The indicator value rose above the level by the specified distance. The EMV line crosses the Level + Distance mark moving upward. The distance delays entry until a confirmed level breakout. Value below level by N 🔴 Sell The indicator value fell below the level by the specified distance. The EMV line crosses the Level − Distance mark moving downward. Value rising 🟢 Buy The indicator value is rising relative to the previous bar. The EMV line is higher on the current bar than on the previous one — upward momentum. Value falling 🔴 Sell The indicator value is falling relative to the previous bar. The EMV line is lower on the current bar than on the previous one — downward momentum. Fires on every declining bar. Slope turns positive 🟢 Buy The indicator’s slope turned positive — an upward reversal. The EMV line changes its slope from downward to upward — the indicator stopped falling and started rising. Slope turns negative 🔴 Sell The indicator’s slope turned negative — a downward reversal. The EMV line changes its slope from upward to downward — the indicator stopped rising and started falling. Zero cross up 🟢 Buy The indicator line crossed zero from below — a buy signal. The EMV line crosses the zero level from below. Zero cross down 🔴 Sell The indicator line crossed zero from above — a sell signal. The EMV line crosses the zero level from above.
Parameter Type Default Range / Values Level (Value above level by N, Value below level by N, Level cross up, Level cross down)float 0 Distance (Value above level by N, Value below level by N)float 0 0>
