1. Arm’s Ease of Movement Julie Spalding

2. Ease of Movement Developed by Richard W. Arms, Jr. Product of the Equivolume charting method Calculates the ease at which prices are moving

3. EMV Establishes a relation between two periods for the study of the variations of volumes and the prices. Determines the difficulty with which the market can go up or down.

4. Understanding EMV The rule of decision is not done directly on the indicator but rather on its moving average It is necessary to buy when the curve passes above the zero and to sell when it passes below the zero

5. Interpretation High Ease of Movement values occur when prices are moving upward on light volume Low Ease of Movement values occur when prices are moving downward on light volume If prices are not moving, or if heavy volume is required to move prices, then the indicator will be near zero

6. Interpretation (continued) The indicator produces a buy signal when it crosses above zero, indicating that prices are moving upward more easily A sell signal is given when the indicator crosses below zero, indicating that prices are moving downward more easily

7. Chart

8. Calculation [(( H+L) / 2) - ((Hp+Lp) / 2 ((v) / H-L)) Where: H=Current periods high price L=Current periods low price Hp=previous periods high price Lp=previous periods low price V=current periods volume