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rhollow
Posted : Tuesday, August 11, 2009 10:21:55 AM
Registered User
Joined: 2/18/2009
Posts: 9
 Ease of Movement Indicator, is it available for Telechart users?. Please advise.
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Bruce_L
Posted : Tuesday, August 11, 2009 10:26:21 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 Ease of Movement would need to be created as a Custom Indicator. Please try the following:

Select Chart Template | Add Indicator | Indicator
- Visible: Checked
- Center Zero Line: Checked
- Plot Using Price Scale: Unchecked
- Smoothing Average: Use the Ease of Movement Period
- Smoothing Type: Exponential
- Indicator Formula: (H - L) * (H - H1 + L - L1) / (V + .00001)

This seems to normally be multiplied by a factor of some sort, but the factor seems to vary by source and has not been included. You may wish to review the following:

Plotting Custom Indicators with Examples
PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!
Learn how to use the forums: post a new topic, reply, Search existing topics
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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