ProfLogic's Method

Test run on the ergodic from Ninja forums, not sure if these settings are accurate, can someone confirm

 

are you blacking out the settings on your Ergodic indicator?

edit - n/m

 

this is as close as I could come to the Erg El Guapo is posting. My thick colored line is a MA of the Erg itself (the green dashed line).

Not exactly right, you can see at 13:31 his is lower and at 13:32 his is higher, and mine is the opposite, but it's close.

Here are the settings I used in SierraChart:

Ergodic:
Input Data: HLC Avg
Long Exp MovAvg Length: 49
Short Exp MovAvgLength: 147
Multiplier: 100
Signal Line MovAvg Length: 49

Then on the SubGraphs tab:
Erg - Line - Dot - Width 1
Erg Signal Line (the MA of the Erg) - Line - Solid - Width 2. Set this line to blue slope up and red slope down

Then add the Horizontal Lines study:
Put it in the same region as your Erg
Set the first line to 10, the second line to -10. On the Subgraphs tab set them to Line - Solid. The second one will default to 'do not draw" so make sure you change this.

I suspect that El Guapo's formula is using a different type of MA to calculate it which is why mine is *close* but not *exact*.

Cheers.

 

btw these 343 volume bars are appearing ever 2-3 seconds. No clue how you blokes trade that fast :eek:

 

Jander,

a quick look on my own NT chart suggests the signal line is the same, but proflogic uses different logic for the histogram (referencing it to the signal line).

HTH

- palinuro

 

As you can see, as 'someone', I'm a decent researcher on google and copernic

 

Hi Tums,
I certainly can't fault your logic or the sentiment. Well done.

Best regards,

Tim

 

As I stated earlier, the ERG I use in MultiCharts is with my settings. I use a single line and have it change colors at the oscillations.
Less of a distraction.
The parameters of my ERG help create the Primes (extremes) and mirror price movement as smoothly as possible.
Less of a distraction as well.
It is password protected because of the programmer and MultiCharts. I don't charge to give it out I just want to know who is using it. If you want to use the generic ERG and work through the parameters own your own . . . go for it. It only took me 18 months to tweak it. If you want mine, I will give it to you no charge.

 

I'd say it is damn close. Like I said I use a single line to avoid the distraction of multiple lines.

 

I don't either. This is why I prefer either the 2401 or 169807 charts.