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Ergodic
Software Version: , by ImXotep (Registered Trader) ImXotep is offline
Developer Last Online: Apr 2008

Trading Platform: Rating: -
Release Date: 02-04-2007 Last Update: n/a Installs: 9

Indicator Ergodic is under construction on the basis of indicator TSI and is calculated as follows:
Ergodic (close, r) =TSI (Close, r, 5);
TSI (the index true of force) is under construction on the basis of the indicator momentum. Here its formula:

TSI(close,r,s)=(100*(EMA( EMA(mtm,r),s))) / (EMA(EMA(|mtm|,r),s))

mtm = close[today]-close[yesterday]
EMA - exponential moving average



This indicator shows a true trend. For this indicator is following corrected:
1. If the indicator is more than zero also grows the trend ascending means.
2. If the indicator is more than zero also that correction of an ascending trend falls goes.
3. If the indicator is less than zero also that falls a trend descending.
4. If the indicator is less than zero also that correction descending тредна grows goes.

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By Soultrader on 02-04-2007, 06:03 PM
Re: Ergodic

Thank you very much for this ImXotep. Could you explain a litttle bit on how this indicator works and what we should be looking for? Thank you
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By walterw on 02-05-2007, 07:53 PM
Re: Ergodic

I was familiar with this indicator some years ago, would love to know in that chart you attached, where would you place your trades..."strategy"... I understand this indicator has some cyclical value too... its a very clean oscilator... cheers Walter.
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