Arms' Ease of Movement Value
Arms' Ease of Movement Value (EMV) emphasizes days where the security moves easily and minimizes days where the security does not move easily. Developed by Richard W. Arms, Jr.
EMV(HL, volume, n = 9, maType, vol.divisor = 10000, ...)
HL |
Object that is coercible to xts or matrix and contains High-Low prices. |
volume |
Vector or matrix of volume observations corresponding to the
|
n |
Number of periods for moving average. |
maType |
A function or a string naming the function to be called. |
vol.divisor |
An increment to make the results larger and easier to work with. |
... |
Other arguments to be passed to the |
The EMV is calculated by dividing the midpoint ([high + low]/2) move by the 'Box Ratio' (volume divided by the high minus low).
A object of the same class as HL and volume or a matrix
(if try.xts fails) containing the columns:
The ease of movement values.
The smoothed (as specified by ma) ease of movement values.
A buy/sell signal is generated when the EMV crosses above/below zero. When the EMV hovers around zero, there are small price movements and/or high volume, and the price is not moving easily.
Joshua Ulrich
The following site(s) were used to code/document this
indicator:
https://www.fmlabs.com/reference/ArmsEMV.htm
https://www.metastock.com/Customer/Resources/TAAZ/?p=51
https://www.linnsoft.com/techind/arms-ease-movement
data(ttrc)
emv <- EMV(ttrc[,c("High","Low")], ttrc[,"Volume"])Please choose more modern alternatives, such as Google Chrome or Mozilla Firefox.