Ease of Movement (EOM) by Richard Arms for Metastock

The Ease of Movement (EOM) indicator is a volume based oscillator. It is designed to measure the relationship between price and volume and display that relationship as an oscillator that fluctuates between positive and negative values. The EOM moves above and below a zero line. This is done in order to show the “ease” of price movements. Generally it is understood that when the EOM is in positive territory, prices are advancing with relative ease. When the EOM is negative, prices are declining with relative ease.