EOM (Ease of Movement)¶
What it shows: how easily price moves for the volume traded. Above zero, price rose easily on little volume.
How people use it: above zero suggests an easy upward move; crossing zero marks a change.
Pairs well with: a trend indicator.
Settings¶
| Setting | Default | What it does |
|---|---|---|
| Length | 14 | Smoothing. Shorter is jumpier. |
You set the defaults on the Indicators page. A condition can use its own settings, which override the defaults for that condition only.
Ready-made conditions¶
| For | Condition | Fires when |
|---|---|---|
| Buy | EOM crosses above zero | the one candle EOM moves from below 0 to above it |
| Buy | EOM above zero | every candle EOM is above 0 |
| Sell | EOM crosses below zero | the one candle EOM moves from above 0 to below it |
| Sell | EOM below zero | every candle EOM is below 0 |
"Above", "below", "is" and "rising" / "falling" stay true on every candle the state lasts, so they can fire many candles in a row. "Crosses" and "flips" fire once, on the candle it happens, so you get one signal per move.
Warnings you may see¶
- "It can never be true: a cross happens on one candle, so it cannot happen on N candles in a row. Use 'within the last N candles' instead.": a "crosses" condition with a "… in a row" lookback of 2 or more. Switch the lookback to Within the last.
- "Length must be between 1 and 1000" / "Length must be a whole number": shown in the condition editor when a condition's own value is out of range. Fix the number; the condition can't be saved until then.
Where they show: on the Strategies page, open Create entry conditions / Edit entry conditions (or the exit ones). Each condition's messages appear right under it. The setting messages ("must be between", "whole number", "must be one of", "must be smaller than") start with the indicator's short name, for example "MACD: Fast must be between 1 and 1000", and keep the conditions from being saved until fixed. The other warnings never block saving and are repeated in the strategy's Entry or Exit section, starting with the condition's name.
Good to know¶
- It is worked out from high, low, close and volume. Because it uses volume, on On candle touch it reads the last closed candle (the forming candle's volume is not known yet).
- On a candle with zero volume the value is unavailable (conditions on it are false).
- It needs some history before its value settles: the length + 1 candles (15 at length 14). Apathia loads that history for you.