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I don't think this has been created yet since I did a search for the EMV.
EMV = Midpoint Move / Box Ratio
Box Ratio = Day's Volume / Price Range
("The higher the Box Ratio, the less free the price movement is, or the more difficult price movement is.")
Midpoint Move = Net difference between a day's midpoint, either upward or downward
(Ex: Day 1, moves between 40 and 44, closing at 42.50; Day 2, moves between 42 and 44, closing at 42.50; ergo Day 1's MM is 42 and Day 2's MM is 43)
EMV
("Essentially what this formula says is that the day's action in this stock is quantified by seeing how much net price movement occurred (on the midpoint rather than closing basis, remember), divided by the difficulty of the movement... If the midpoint move had been negative, the sign of the numerator and therefore of the EMV ratio would also be negative.")
Plot
5-day and a 13 day moving average of the EMV
Signals
Buy when the moving average of EMV crosses up through the zero line
Sell when the moving average of EMV crosses down through zero
EMV = Midpoint Move / Box Ratio
Box Ratio = Day's Volume / Price Range
("The higher the Box Ratio, the less free the price movement is, or the more difficult price movement is.")
Midpoint Move = Net difference between a day's midpoint, either upward or downward
(Ex: Day 1, moves between 40 and 44, closing at 42.50; Day 2, moves between 42 and 44, closing at 42.50; ergo Day 1's MM is 42 and Day 2's MM is 43)
EMV
("Essentially what this formula says is that the day's action in this stock is quantified by seeing how much net price movement occurred (on the midpoint rather than closing basis, remember), divided by the difficulty of the movement... If the midpoint move had been negative, the sign of the numerator and therefore of the EMV ratio would also be negative.")
Plot
5-day and a 13 day moving average of the EMV
Signals
Buy when the moving average of EMV crosses up through the zero line
Sell when the moving average of EMV crosses down through zero
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