Some of man's greatest discovers have come from accidents. In regards to simply posting the ERG's, well that isn't always possible. The ERG I have in MultiCharts is password protected but I give it to any real human who asks . . . for free. This way I at least know who is using it. The tradestation is a program written by one of my students. He's allowed me to give it out, again, for free but I likewise prefer to to give it real humans who ask for it. I really don't mind sharing but I have been burnt before so I think I have a right to track where my stuff goes that I give out for free.
T'is the Season of Sharing Someone sent me a load of Ergodic information. What better way to share than to share with everybody. <img src=http://trader.online.pl/MSZ/e-w-ECO-Ergodic_Candlestick_Oscillator.gif> http://trader.online.pl/MSZ/e-w-ECO-Ergodic_Candlestick_Oscillator.html
ErlangerQuote True Strength Index (TSI) As highlighted in Bill Blau's book Momentum, Direction and Divergence, the True Strength Index (TSI) is a double smoothed momentum indicator. Through the use of two sequential exponential moving averages, the TSI yields "low lag, smooth curves which also show trending characteristics of price." <img src=http://www.erlangerquote.com/images/TSIsamp.gif> Ergodic Oscillator (EO) As highlighted in Bill Blau's book Momentum, Direction and Divergence, the Ergodic Oscillator (EO) is a double smoothed True Strength Index (TSI) with a signal line. <img src=http://www.erlangerquote.com/images/EOsamp.gif> 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: <img src=http://www.erlangerquote.com/images/EOsamp2.gif> http://www.erlangerquote.com/ http://www.erlangerquote.com/newplugins.htm
Group: Tradestation Indicators Title: Ergodic Indicator by William Blau Description: Ergodic Indicator by William Blau http://xeatrade.com/trading/14/E/715.html
Well, the one I gave away for free here, is supposedly the original Ensign version for TS which if I am not mistaken is your version as well: http://www.elitetrader.com/vb/showthread.php?s=&threadid=146039&perpage=6&pagenumber=26 courtesy of Kreslik, a free site. Note to Multichart users, the ELD should be usable for you as well - and no passwords are necessary to control anything. It also contains two settings for a fast and slow ERG. You're welcome. Disclaimer: I do not use any indicators in my trading - use at you own risk.
NinjaTrader Code, screen shots, and trading rules. http://www.ninjatrader-support2.com/vb/showthread.php?t=3693
Investor/RT Tour SMI Ergodic Indicator <img src=http://www.linnsoft.com/tour/techind/images/ergodicChart.jpg> For Chart description and trading rules, see: http://www.linnsoft.com/tour/techind/custom/ergodic.htm
Exactly, time bars 1min, 5 min and so on distort price action. Market does not care that 5 min bar ended, but when CVB bars are used, they represent pure price action, and thus making its analysis more accurate.