HPotter

Ease of Movement (EOM) Backtest

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
volume . A small positive or small negative value indicates a small move
in price and/or heavier volume .
A positive or negative numeric value. A positive value means the market
has moved up from yesterday's value, whereas, a negative value means the
market has moved down.

You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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