Here is the exact same data and same time period but in a 15 minute chart. The data is identical but notice how choppy price has become in the minute increment chart. Clarity comes from how we view price movement. <img src=http://elitetrader.com/vb/attachment.php?s=&postid=2194591 width=800> click on attachment link to enlarge image
have you ever used constant range bars? they do a good job eliminating chop and more importantly eliminating "tall bars."
what is the line vs. the histogram on your chart? and if other people here have replicated exactly your ergodic indicator, why not just ask them for the code? PS. how big is your monitor :eek: i have a 22" wide screen and only half of your chart fits. lol.
So do the CVB charts. The advantage is that the CVB charts are pure and the range bars artificially depict price action by introducing the variable of a confined range.
Well, I guess its time for the stupid question of the day. What are the parameters needed to program the indicator if I wanted to program it myself. Or, is there someone who has a copy of the eld file who wants to post the tool in this forum like they have been posting software for JH's method in another forum.
The line is the Ergodic (ERG) and is only used to objectively define the Trend on each chart. Trend, for me, is only used for longer term directional strength of each chart it is applied to. The color change of the ERG is confirmation of an oscillation top or bottom creation. A top or bottom created above or below those black horizontal lines is where the Trending/Prime/Extreme oscillations are created. The black horizontal lines are the EXTREME GUIDELINES. Above or equal to the top line denotes where Prime or the extreme tops are created on each chart. Below or equal to the top line denotes where Prime or the extreme bottoms are created on each chart. Anything that isn't Prime IS Minor. Prime oscillations is where my main focus always lies due to the strength associated with price at these levels. Someone just sent me the code . . . they saw my post. I trade using multiple 17" monitors. I'll post a pic in later. Your resolution must be pretty big. Mine is 1280x1024.
Someone posted the ERG in another thread some time ago but sorry to say I never saved it. I think it was for eSignal or Tradestation. If someone can find it and post it, I don't care.
You guys wanting Ergodic, it is also sometimes called "True Strength Indicator" (TSI). If your program has that, then you have Ergodic. My program has both. They're both exactly the same.
<img src=http://ecx.images-amazon.com/images/I/41XSBBvBxSL._BO2,204,203,200_PIsitb-sticker-arrow-click,TopRight,35,-76_AA240_SH20_OU01_.jpg> http://www.amazon.com/Momentum-Dire...bs_sr_1?ie=UTF8&s=books&qid=1227649119&sr=8-1