Ease of Movement
The Ease of Movement (EOM) indicator is a technical analysis tool that helps traders identify the relationship between price changes and trading volumes. It was developed by Richard W. Arms Jr. and is used to determine the ease or difficulty of a price movement. The EOM indicator takes into account both price change and volume in its calculation.
Traders use the Ease of Movement (EOM) indicator in the following ways:
- Trend Reversals: EOM crossing above or below zero can indicate potential trend reversals, signaling buying or selling pressure.
- Confirming Breakouts: EOM can validate price breakouts, especially if accompanied by a surge in the indicator.
- Divergence Analysis: Divergences between EOM and price can suggest trend changes, such as bullish or bearish reversals.
- Price-Volume Relationship: EOM helps assess the strength of price movements by considering volume alongside price changes.
Get started with the eom
Simply make an HTTPS [GET] request or call in your browser:
[GET] https://api.taapi.io/eom?secret=MY_SECRET&exchange=binance&symbol=BTC/USDT&interval=1h
The eom endpoint returns a JSON response like this:
{
"value": 6015.310333087231
}
Example response from TAAPI.IO when querying eom endpoint.
API parameters
binance, binancefutures or one of our supported exchanges. For other crypto / stock exchanges, please refer to our Client or Manual integration methods.
BTC/USDT Bitcoin to Tether, or LTC/BTC Litecoin to Bitcoin...
1m, 5m, 15m, 30m, 1h, 2h, 4h, 12h, 1d, 1w. So if you're interested in values on hourly candles, use interval=1h, for daily values use interval=1d, etc.
backtrack parameter removes candles from the data set and calculates the eom value X amount of candles back. So, if you’re fetching the eom on the hourly and you want to know what the eom was 5 hours ago, set backtrack=5. The default is 0 and a maximum is 50.
backtracks parameter returns the eom value calculated on every candle for the past X candles. For example, if you want to know what the eom was every hour for the past 12 hours, you use backtracks=12. As a result, you will get 12 values back.
chart parameter accepts one of two values: candles or heikinashi. candles is the default, but if you set this to heikinashi, the indicator values will be calculated using Heikin Ashi candles. Note: Pro & Expert Plans only.
true or false. Defaults to false. By setting to true the API will return a timestamp with every result (real-time and backtracked) to which candle the value corresponds. This is helpful when requesting multiple backtracks.
Default: 14
Default: 10000
More examples
Let's say you want to know the eom value on the last closed candle on the 30m timeframe. You are not interest in the real-time value, so you use the backtrack=1 optional parameter to go back 1 candle in history to the last closed candle.
[GET] https://api.taapi.io/eom?secret=MY_SECRET&exchange=binance&symbol=BTC/USDT&interval=30m&backtrack=1
Get eom values on each of the past X candles in one call
Let's say you want to know what the eom daily value was each day for the previous 10 days. You can get this returned by our API easily and efficiently in one call using the backtracks=10 parameter:
[GET] https://api.taapi.io/eom?secret=MY_SECRET&exchange=binance&symbol=BTC/USDT&interval=1d&backtracks=10
Here's the example response:
[
{
"value": 8897.418845637285,
"backtrack": 0
},
{
"value": 6015.310333087231,
"backtrack": 1
},
{
"value": 5123.4837789958465,
"backtrack": 2
},
{
"value": 3394.516925487162,
"backtrack": 3
},
{
"value": 3740.3615288421606,
"backtrack": 4
},
{
"value": -365.55120013407605,
"backtrack": 5
},
{
"value": 7210.345442790824,
"backtrack": 6
},
{
"value": 8162.10086892135,
"backtrack": 7
},
{
"value": 12937.54517469955,
"backtrack": 8
},
{
"value": 12234.061917971087,
"backtrack": 9
}
]
Looking for even more integration examples in different languages like NodeJS, PHP, Python, Curl or Ruby? Continue to [GET] REST - Direct documentation.