Ease of Movement 2.0

Ease of movement EoM is how easy it is for the price to move and stay where it moved to.

This indicator is the square of the True Range (i.e. distance of price travelled between the current close and the close of the previous bar, squared) relative to the volume of the current bar. -2, -1, +1, and +2 standard deviations, and the average are all based on n=14.

E.g., if an EoM up occurs after failed attempts to mark prices down, it suggests continuation of prices to the upside.