I just did and I think is one of the most educated threads I have ever see on ET. I was curious as RedDuke mentioned he uses CCI wondering if there's any particular Vol settings that works for him using CCI.. My question is addressed to you as well, proflogic. Not every charting package has ergodic indicator.. I am always open to new things and this thread in particular has my attention
PrL would you please let me know where to get the TS-Ergodic-Formula since my software may have it as well however, under a completely different name (choice of ~ 250 indic.). Either I find it there or get somebody to "translate" it. Thank you. Charly
Hi Feb2865, It depends on the markets. For example, I am using 144 volume on DAX. The idea is to get the time frame that will reduce the noise. Regards, redduke
True Strength Index or TSI Ergodic (some misspelled as Ergotic) (Not to be confused with Ergodic candle which uses OHLC) Some time back I found conflicting information regarding whether the TSI and Ergodic are identical, although many people refer to both as one and the same. Some say the TSI is two EMA's with a smoothing signal line (three inputs), and others say the Ergodic has three EMA's with a signal line (four inputs). Perhaps someone who has Blau's book can clear this up. The code for both formulas are easily found through Google. I'm not sure which is the actual real McCoy. st
On page 18 of my copy of Blau's book, the following definition is given: Ergodic(Close,r) = TSI(Close,r,5) SignalLine(Close,r) = EMA(TSI(Close,r,5),5)
Thanks for the follow up. To clarify, what you posted is the Ergodic, and I notice it uses the TSI within the formula. Therefore, what is the code for the TSI. IOW, if the Ergodic is a function of the TSI, what is the TSI? Or am I not understanding this correctly and they are one and the same? st