Why do people use Volume, Range and Tic charts?

gm Surf,

I eagerly await your response also.

regards
f9

 

Forgive if already answered, I reviewed all posts in this thread but may have indeed misssed the response.

I'm looking for the Foumula for the ERG study. The software I use does not have this indicator(study), but does allow for the creation of custom studies. I've hunted around, but have not yet found anything concrete about the formula is created, or how this study(indicator) is created. Much appreciated if someone knows, or can point me to it.

Respectfully,
_RinO_

 

Same here. I have looked all over the inet and the script are sometimes quite different. I was able to cobble together an Erg in EL that finally matches the charts posted here, but no luck in getting the histogram to match. I assumed the histogram showed the difference or spread between the erg line the average, but that doesn't match when coded that way. I can only guess the line and histogram are actually two separate indicators with different parameters. Any insight would indeed be helpful.

 

google ergodic or william blau

 

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.

 

I have an email to my programmer. As soon as he sends the settings I will post it.

 

Wow! I sure wasn't expecting such a kind gesture. Thank you and it is very much appreciated.

 

r = 49
s = 147
u = 49

Histogram scale(multiplier) =3

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

 

yes, i understand why some people use different time based charts.

# of contracts = tics----- correct?


multiples of 7 which is prime----- it appears we delving into mysticism and numerology here?? 7 is a "carol prime" for those interested in such things.

what is the significance of 343 and 2401?


surf



ps. i was invited to go on this yacht trip today, perhaps you would be interested? remote viewers and all kinds of mystical types on board for the FX market.

http://www.secretforexsociety.com/fantaseaone/

 

this is from 2004... the comment is fresh as today.

http://www.elitetrader.com/vb/showthread.php?s=&postid=639510&highlight=surf#post639510