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Visualizing Ease of Movement Values as Candlesticks

Article MQL5 code base

Summary

EMVCandle presents the Ease of Movement indicator as a sequence of candlesticks. The underlying price time series is processed by the EMV algorithm, and the resulting values are displayed in candle form. The document’s central idea is that this representation can make the indicator more informative for analysis in some situations.

The description is brief and includes a figure reference, but it does not explain the EMV calculation, define how the candlesticks are constructed, or provide examples, trading rules, or performance tests. It therefore describes an indicator visualization rather than a validated trading strategy, and readers would need the implementation or fuller documentation to assess its usefulness.

Key ideas

  • EMVCandle displays Ease of Movement indicator output in candlestick form.
  • The candlesticks are derived by processing price time series with the EMV algorithm.
  • The document proposes that this display may help analysis but supplies no strategy rules or validation results.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.