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Showing results for tags 'ergodic'.
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This thread is for the discussion of ProfLogic's method. The method can be use on day trades, swing trades as well as long term trades. Attached is an example of his chart. .
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Indicator Ergodic is under construction on the basis of indicator TSI and is calculated as follows: Ergodic (close, r) =TSI (Close, r, 5); TSI (the index true of force) is under construction on the basis of the indicator momentum. Here its formula: TSI(close,r,s)=(100*(EMA(EMA(mtm,r),s))) / (EMA(EMA(|mtm|,r),s)) mtm = close[today]-close[yesterday] EMA - exponential moving average This indicator shows a true trend. For this indicator is following corrected: 1. If the indicator is more than zero also grows the trend ascending means. 2. If the indicator is more than zero also that correction of an ascending trend falls goes. 3. If the indicator is less than zero also that falls a trend descending. 4. If the indicator is less than zero also that correction descending тредна grows goes. ERGODIC.ELD
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Ergodic (Double Weighted) Based on a concept by William Blau as described in his book Momentum, Direction, and Divergence the Ergodic Oscillator (EO) is a double smoothed index with a signal line. The Ergodic is intended to act like a stochastic indicator without the "compression" often seen with stochastics at extremes. As a result, the Ergodic helps to register long trends in prices. Note: This EasyLanguage indicator was written in MultiCharts. I have not tested it in other compatible programs. Please refer to your users manual for importation instructions. Ergodic Double Weighted.txt ERG_Double_Weighted_(MultiCharts).pla
