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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

ergodic.thumb.jpg.5168d2029d5a0e719c261d53a77434ae.jpg

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I was familiar with this indicator some years ago, would love to know in that chart you attached, where would you place your trades..."strategy"... I understand this indicator has some cyclical value too... its a very clean oscilator... cheers Walter.

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Thank you very much for this ImXotep. Could you explain a litttle bit on how this indicator works and what we should be looking for? Thank you

 

Hi Soul Trader,

 

The basis for this indicator is to find divergence and trade that. But you can trade it in various ways. Look for articles by William Blau where he explains in more depth about the indicator and how he trades it.

There is a lot more to it than meets the eye. I have been studying this kind of indicator for about 3 years now and I learn something new every month.

 

GL & GT

 

Lava;)

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Hi

 

i found this code 4 ergodic

 

{Ergodic Indicator:}

{from William Blau's book --- "Momentum, Direction and Divergence"
FORMAT: Ergodic_TSI(Price, r, s, u,, SmthLen)
where r = length of first EMA smoothing of 1 day momentum,
s = length of second EMA smoothing of 1 day smooting,
u = length of third EMA smooting of 1 daymomentum,
SmthLen = length of ema signal line.

This is plotting the Average only (value2)}

Inputs: Price(c), r(7), s(27), u(1), Zeroline(0), SmthLen(7),
upcolor_1(green), downcolor_1(red), dotsize(2);

Value1= TSI(Price, r, s, u);

Value2= XAverage(TSI(Price, r, s, u), SmthLen);

If value2 > value2[1] then
Plot3(Value2, "SigLin", upcolor_1, default, dotsize);

If value2 < value2[1] then
Plot3(Value2, "SigLin", downcolor_1, default, dotsize);

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