Ease of Movement (EOM) Backtest — Strategy by HPotter
By HPotter
Performance Metrics
- Author: HPotter
- Symbol: CME_MINI:ES1!
- Timeframe: 30 minutes
- Net P&L: +34,662.50 USD (+34.28%)
- Win Rate: 49.5%
- Profit Factor: 1.855
- Max Drawdown: 7,262.50 USD (7.26%)
- Total Trades: 218
- Sharpe Ratio: 0.393
Description
This indicator gauges the magnitude of price and volume movement. The indicator returns both positive and negative values where a positive value means the market has moved up from yesterday's value and a negative value means the market has moved down. A large positive or large negative value indicates a large move in price and/or lighter volume. A small positive or small negative value indicates a small move in price and/or heavier volume. A positive or negative numeric value. A positive value means the market has moved up from yesterday's value, whereas, a negative value means the market has moved down. You can change long to short in the Input Settings WARNING: - For purpose educate only - This script to change bars colors.