Freedom of Movement

Modified on 2014/02/27 10:23 by Eugene — Categorized as: TASCIndicators

Syntax

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

Parameter Description

bars	A symbol's Bars object
period	Lookback 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)".