Ease of Movement

I can find nothing about how to use Ease of Movement... would like to use EOM as a selector in a backtesting formula... if that is not possible... is there any way to select only stocks that have an EOM higher than -0.003 on a particular date (like a stock that has an EOM of -0.002).

I have already answered this over support channel.

Easy Of Movement indicator is shipped with default AmiBroker installation.

image

function EaseOfMovement(Period)
{
  MidPointMove  = ( H + L ) / 2  -  Ref( ( H + L ) / 2, -1 );
  Vadj = Volume / 10000;
  BoxRatio = VAdj / ( 8 * ( H - L ) );
  return EMA( MidPointMove / BoxRatio, Period );
}

Plot( EaseOfMovement( Param("Period", 14, 2, 100 ) ), _DEFAULT_NAME(), ParamColor("Color", ColorCycle ) );

Did not answer question... how can EOM be used in backtester, or as a selector... how can I scan 5000 stocks and only view the ones with EOM greater than -0.003?

Check out these links
Back-testing your trading ideas
How to create your own exploration

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