ProfLogic's Method

Thanks. El Guapo and ProfLogic. I got it correctly set up on Ninja also. It's making more sense now.

 

To be more helpful, here are the hidden settings for people to be able to code their own charts. As noted, my chart used these parameters assuming the indicator I imported into NinjaTrader was correct. I previously used Tradestation and/or multicharts which may be easier to code.


11-08-07 05:36 PM

Quote from RhinoGG:

Ergodic Formula
by Howard Arrington
The Ergodic formula is a ratio of two double averages. The numerator is an average of an average of the Net. The denominator is an average of an average of the Absolute value of the Net. The Net is the difference between a bar's close and the prior bar's close.


Ergodic = (Average (Average (Net, parameter 1), parameter 2) / (Average (Average (Abs(Net), parameter 1), parameter 2)



but when i code this, the result is always 1.



r = 49
s = 147
u = 49

Histogram scale(multiplier) =3

These are for Multicharts but try: AVE 1 = 49, AVE 2 = 147, AVE =49

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marketsurfer


Registered: Apr 2002
Posts: 12671


11-08-07 06:10 PM

Quote from ProfLogic:

343 & 2401 are the number of contracts traded per bar.

They are multiples of 7 which is prime.

 

Not exactly: eventually is Proflogic that is going to contact you...after you contacted him

 

I did send him a pm. I will await his response.

Anyway, I hope these settings that I posted will be helpful for anyone else coding in a different chart program.

 

http://elitetrader.com/vb/showthread.php?s=&postid=2205535#post2205535

http://elitetrader.com/vb/showthread.php?s=&postid=2195760#post2195760

 

Thanks, those are some really useful posts.

 

Prologic, I am a real human not a bot. Please give me a copy for multicharts when you get some free time.

Thanks in advance.

From what I understand after re-reading this thread again, for going long you look at price making for example a higher low once direction is known, then you confirm that the erg indicator has also made an extreme bottom before taking a trade long.

Exit can be made at previous resistance top and/or the erg has made an extreme top.

 

I sent you the username and password to load the indicator into MultiCharts. The indicator is embedded into MultiCharts already.

Follow Tums links for a detailed description of the rules.

 

Can you re-send it or use pm function instead since my stupid free e-mail account bounced the 1st message.

Thanks

 

Decent move in the DAX futures today, using Proflogic's method.

I assume that the settings for Ensign that have been posted over a year ago are still valid:

Ave 1: 49
Ave 2: 49
Average: 147
Histogram Spread: 3