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<DIV><FONT size=2>Ever wonder why the Richard Arms Ease of movement indicator in
TS4 looked like noise and was useless? One reason is the Ease of Movement
Function has the wrong math to calculate the midpoint to midpoint
difference. The Power editor uses the following code for the midpointmove
= (H - L)/2 - (H[1] - L[1])/2 instead of (H + L)/2 - (H[1] +
L[1])/2. Also when the function was used in the indicator it
was not smoothed. For those not familiar with it, the EOM is defined as the
midpointmove difference divided by the box ratio. The box ratio is defined
as the volume divided by (H-L).</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>BobR</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Sat Jul 24 21:42:38 1999
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Message-ID: <001801bed640$13a9d1e0$b794d5d1@xxxx>
From: "Steve Wanasek" <stevewan@xxxxxxxx>
To: "REAL TRADERS" <realtraders@xxxxxxxxxxxx>
Subject: General
Date: Sat, 24 Jul 1999 20:50:27 -0500
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Status:
Would someone please pull up the Excel (ECI) on ClearStation and explain to
me why the chart is so flat.
Thanks, Steve
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