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Freedom of Movement

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Syntax

public FOM(Bars bars, int period, string description)
public static FOM Series(Bars bars, int period)

Parameter Description

barsA symbol's Bars object
periodLookback period

Description

Created by Melvin Dickover (see article in April 2014 issue of Stocks and Commodities Magazine), Freedom of Movement is a normalized measure of relative price change divided by relative volume expressed in standard deviations. FoM spikes beyond a threshold indicate important restrictions on price movement.

Example

Please refer to TASC April 2014 issue, "Evidence-Based Support & Resistance (Dickover)".

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