What's an ergodic indicator?

I googled that word and got user results here.

 

Search on this site, not google.

 

John,I was asking because I am coming to the very same conclusion.9 months ago,I disconncted my intraday feeds and combined fundamentally filtered stocks with simple candlesticks,volume analysis and trendlines(andrews).

I now spend 1/4 of the time "trading" and have significantly better returns

 

This indicator was created by William Blau and is a double smoothed ratio of the difference between
the Close and Open of each bar, and the difference between the High and Low prices for each bar.

This one of the indicators that I use everyday.

 

I am using Multicharts which does not have the TripleAverage function. Please post the code for this function.

Thanks

 

I see - buy the book to get the code for a function.

 

I use TSI. I've also got the book if anyone is interested. PM Me.

 

If you use an indicator to "trade from" it is BS. Indicators should only be used to "confirm" what you are already seeing happening in price movement in real-time. Indicators lag and are only good for confirmation.