Abbreviation: ArmsEaseMovement ExpAvg
Category: Volume: Smoothed
Input Parameters:
| Name | Range | Default |
| High Price | High | |
| Low Price | Low | |
| Volume | Volume | |
| ExpAvg Periods | Int >= 1 | 5 |
Calculation:
ExpAvg(X, ExpAvg Periods)
where
X = ArmsEaseMovement: Raw(High Price, Low Price, Volume)
ArmsEaseMovement: Raw represents Arms Ease of Movement: Raw
ExpAvg represents Exponential Moving Average
Discussion:
This indicator attempts to smooth the Arms Ease of Movement indicator by calculating its moving average. Since it uses an exponential moving average (which gives more importance to the most recent periods than to less recent periods), the smoothing is influenced most by recent periods.