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by Jason K. Hutson
Ease of Movement
Position: N/A
Jason K. Hutson
Traders.com Staff Writer. Enjoys trendlines, support and resistance, moving averages, RSI, MACD, ADX, Bollinger bands, parabolic SAR, chart formations, and volume analysis.
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EASE OF MOVEMENT
Ease of Movement
04/02/00 02:23:42 PMby Jason K. Hutson
Ease of Movement
Position: N/A
| First, calculate the midpoint movement (MPM): MPM TH TL YH YL = + - + 2 2 where TH = Today's high YH = Yesterday's high TL = Today's low YL = Yesterday's low |
| If, for example, yesterday the stock had a high of 32 and a low of 31, its midpoint would be 31 -1/2. If today it had a high of 34 and a low of 32, then its midpoint would be 33. The midpoint move would be 33 minus 31 1/2, or 1 1/2. |
| The next step is to calculate the box ratio. The box is the Equivolume box, which uses the day 's high-to-low price range for the vertical axis and the volume for the horizontal axis. Use a number of increments to represent volume %97 for example, 10,000 shares equal 1 unit. A 55,000-share day would have 5.5 units. For the height of the box, use 1/8 of a point for 1 unit. If a stock had a high of 24 and a low of 23- 1/8, the number of units would be 7 units. Divide the volume units by the range units for the box ratio. |
| EMV=(Midpo int move)/(Box ratio) |
Traders.com Staff Writer. Enjoys trendlines, support and resistance, moving averages, RSI, MACD, ADX, Bollinger bands, parabolic SAR, chart formations, and volume analysis.
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