Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Recommended Posts

I might have a solution . . . simply 'cut and paste' the post.

 

A good idea. Perhaps someone could do so for the purpose of defining the terms used in the rules posting at the beginning of the thread.

Share this post


Link to post
Share on other sites

hi,

 

I'm using MT4, how to setting Ergodic in MT4?

anyone can conver multichart ProfLogic indicator to MT4 ?

 

thk

 

 

 

The settings for the Ergodic Indicator are:

49, 147, 49

mt4.thumb.jpg.672a0ec0ef7c92f8fcc4ae3626f43393.jpg

Share this post


Link to post
Share on other sites

If that FOREX I see? Forex doesn't have volume bars, the foundation of what I do. The other problem with FOREX is that the banks control all of the information coming from the trades. There is no other more grossly manipulated market on the face of the earth.

Share this post


Link to post
Share on other sites

Tams,

I'e used Proflogic's CVB charts for about 6 months now, but without the ergodic indicator and all the rules - primarily 343 & 2401 charts. I use Trade Navigator which I'm happy with, but as noted without the ergodic indicator. Can it be written up and programmed into my trade platform?

Thanks in advance for your reply.

Share this post


Link to post
Share on other sites
Tams,

I'e used Proflogic's CVB charts for about 6 months now, but without the ergodic indicator and all the rules - primarily 343 & 2401 charts. I use Trade Navigator which I'm happy with, but as noted without the ergodic indicator. Can it be written up and programmed into my trade platform?

Thanks in advance for your reply.

 

Please contact Trade Navigator, they already have the Ergodic indicator coded.

Share this post


Link to post
Share on other sites
Tams,

I'e used Proflogic's CVB charts for about 6 months now, but without the ergodic indicator and all the rules - primarily 343 & 2401 charts. I use Trade Navigator which I'm happy with, but as noted without the ergodic indicator. Can it be written up and programmed into my trade platform?

Thanks in advance for your reply.

 

Let me know the programming language they use and I will do my best to find one for you.

Share this post


Link to post
Share on other sites

Hi TAM and LOGIC...does anyone have the tradestation .eld file that has the ergodic indicator as previously posted. I have looked into the tradestation website but the ergodic indicator does not look like the histogram one on your posts...

 

thanks in advance....victor

Share this post


Link to post
Share on other sites
Hi TAM and LOGIC...does anyone have the tradestation .eld file that has the ergodic indicator as previously posted. I have looked into the tradestation website but the ergodic indicator does not look like the histogram one on your posts...

thanks in advance....victor

 

You have to PM Logic, he has the code.

Share this post


Link to post
Share on other sites
Until you learn you how to use a tool, they will all suck.

 

Absolutely correct.

 

And after you use one for a while and then learn . . . . it still sucks.

Share this post


Link to post
Share on other sites
Hi TAM and LOGIC...does anyone have the tradestation .eld file that has the ergodic indicator as previously posted. I have looked into the tradestation website but the ergodic indicator does not look like the histogram one on your posts...

 

thanks in advance....victor

 

Proflogic,

As noted above for tradestation, the ergodic indicator for Trade Navigator (Genensis - Trade Sense) does not display anything like that shown in the posts regarding your E.I. Would it be possible to get the coding as mentioned before?

Thanks,

avalanch

Share this post


Link to post
Share on other sites

Why not contribute something to the thread? Maybe a chart or an observation, even a question would do. Stimulate conversation and you would not need to bump it. :):) Maybe I am just getting old and intolerant but at the end of the day spam will never be ham and that was just spam.

Edited by BlowFish

Share this post


Link to post
Share on other sites

Logic,

 

I've tried coding my own Ergodic oscillator but whenever I plot the oscillator in MultiCharts, I get different results. It seems my code is unstable. I was wondering if you're willing to share your Ergodic .ELD so that I can figure out what's going wrong with my code.

 

Greatly appreciate any assistance you can provide.

 

Regards,

Albert

Share this post


Link to post
Share on other sites
why not post your chart, at least someone can review it and give you a hand.

 

Alright. I've attached three charts, each showing different calculated values for the Ergodic oscillator. I believe the last chart should be the correct one. I'm using a custom weighted moving average (as opposed to EL's WAverage) function for the smoothing. The function applies the concept of convolution in calculating the WMA and approximates WAverage closely (slight rounding errors). This function could be a source of error but I'm not sure. I've posted the code below.

 

Inputs:
Price( NumericSeries ), 
Period( NumericSimple );

Variables:
var0( 0 ),
var1( 0 );

if CurrentBar = 1 then 
begin
for Value1 = 0 to Period - 1
	begin
	var0 = var0 + ( Period - Value1 ) * Price[Value1] ;
	end ;
end
else
var0 = var0[1] + Period * Price[0] - SummationFC(Price, Period) ;

var1 = ( Period + 1 ) * Period * .5 ;
WMA  = var0 / var1 ;

 

Any ideas on what's wrong? Thanks.

Ergodic-test1.thumb.png.f19df609ba62f8e91275c682cb9bc082.png

Ergodic-test2.thumb.png.1d8503cdff8dba17941cfa340bd0af45.png

Ergodic-test3.thumb.png.3a8ae1a5984f4f83586569cbfd1b3e23.png

Share this post


Link to post
Share on other sites
Alright. I've attached three charts, each showing different calculated values for the Ergodic oscillator. I believe the last chart should be the correct one. I'm using a custom weighted moving average (as opposed to EL's WAverage) function for the smoothing. The function applies the concept of convolution in calculating the WMA and approximates WAverage closely (slight rounding errors). This function could be a source of error but I'm not sure. I've posted the code below.

 

Inputs:
Price( NumericSeries ), 
Period( NumericSimple );

Variables:
var0( 0 ),
var1( 0 );

if CurrentBar = 1 then 
begin
for Value1 = 0 to Period - 1
	begin
	var0 = var0 + ( Period - Value1 ) * Price[Value1] ;
	end ;
end
else
var0 = var0[1] + Period * Price[0] - SummationFC(Price, Period) ;

var1 = ( Period + 1 ) * Period * .5 ;
WMA  = var0 / var1 ;

 

Any ideas on what's wrong? Thanks.

 

 

 

which chart has this code applied?

what are the differences between the charts?

what are you looking for?

 

with the limited information you are providing, you are not being helpful to yourself.

Share this post


Link to post
Share on other sites

I thought from the charts it's pretty obvious what the differences are. The ergodic oscillator plotted on each of the chart does not match when they should (same time frame). The indicator was applied to the same symbol with the same time frame 3 different times. However, each time MultiCharts plotted it differently.

 

To clarify, my Ergodic code was applied to the E-mini S&P (symbol ES #F from eSignal).

 

Anyways, Tams, can I send you my code in a private message? I think it'll be very difficult to explain what's going on or what I'm trying to ask in this thread.

 

Thanks.

Share this post


Link to post
Share on other sites
Alright. I've attached three charts, each showing different calculated values for the Ergodic oscillator. I believe the last chart should be the correct one. I'm using a custom weighted moving average (as opposed to EL's WAverage) function for the smoothing. ....

 

 

why are you using a custom code?

 

if the anomaly is observed after the customization, then the error is in the customization.

Edited by Tams

Share this post


Link to post
Share on other sites

You cannot use a FC function inside a function.

 

I have highlighted the error in your code.

 

 

 

 

 

Inputs:
Price( NumericSeries ), 
Period( NumericSimple );

Variables:
var0( 0 ),
var1( 0 );

if CurrentBar = 1 then 
begin
for Value1 = 0 to Period - 1
	begin
	var0 = var0 + ( Period - Value1 ) * Price[Value1] ;
	end ;
end
else
var0 = var0[1] + Period * Price[0] - SummationFC(Price, Period) ;  {<---- error here}

var1 = ( Period + 1 ) * Period * .5 ;
WMA  = var0 / var1 ;

Edited by Tams

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 29th March 2024. GBPUSD Analysis: The Pound Trades Higher But For How Long? The global Stocks Markets are closed due to Easter Friday (Good Friday). The NASDAQ continued to follow the sideways trend while other indices again rose. The SNP500 reaches an all-time high, but the NASDAQ remains under pressure from Tesla, Meta and Apple. The Euro continues to trade lower against all major currencies including the US Dollar, Euro and Japanese Yen. The British Pound is the best performing currency during this morning’s Asian session. However, investors are largely fixing their attention on this afternoon’s Core PCE Price Index. GBPUSD – The Pound Trades Higher but For How Long? The GBPUSD is slightly higher than the day’s open and is primary due to the Pound’s strong performance. At the moment, the British Pound is increasing in value against all major currencies. However, the US Dollar Index is also trading 0.10% higher and for this reason there is a slight conflict here. If investors wish to avoid this conflict, the EURUSD is a better option. This is because, the Euro depreciating against the whole currency market avoiding the “tug-of-war” scenario. The GBPUSD is trading slightly lower than the 2-month’s average price and is trading at 49.10 on the RSI. For this reason, the price of the exchange is at a “neutral” level and is signalling neither a buy nor a sell. The day’s price action and future signals are possibly likely to be triggered by this afternoon’s Core PCE Price Index. Analysts expect the Core PCE Price Index to read 0.3% which is slightly lower than the previous month but will result in the annual figure remaining at 2.85%. The PCE rate is different to the inflation rate and the Fed aims for a rate between 1.5% to 2.00%. Therefore, even if the annual rate remains at 2.85%, as analysts expect, it would be too high for the Fed. If the rate increases, even if only slightly, the US Dollar can again renew bullish momentum and the stock market can come under pressure. This includes the SNP500. Investors are focused on the publication of data on the UK’s gross domestic product (GDP) for the last quarter of 2023: the quarterly figures decreased by 0.3%, and 0.2% over the past 12-months. This confirms the state of a shallow recession and the need for stimulation. The data, combined with a cooling labor market and a steady decline in inflation, increase the likelihood that the Bank of England will soon begin interest rate cuts. In the latest meeting the Bank of England representatives did not see any members vote for a hike. USA500 – The SNP500 Rises to New Highs, But Cannot Hold Onto Gains! The price of the SNP500 rises to an all-time high, before correcting 0.33% and ending the day slightly lower than the open price. Nonetheless, the index performs better than the NASDAQ which came under pressure from Tesla, Meta and Apple which hold a higher weight compared to the SNP500. For the SNP500, these 3 stocks hold a weight of 9.25%, whereas the 3 stocks make up 14.63% of the NASDAQ. The SNP500 is also supported by ExxonMobil’s gains due to higher energy prices. The market will remain closed on Friday due to Easter. However, the market will reopen on Monday for the US and investors can expect high volatility. Investors will also need to take into consideration how the PCE Price Index and the changed value of the US Dollar is likely to affect the stock market next week. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • MT4 is good and will be good until their parent company keep updating the software, later mt4 users will have to switch to mt5.
    • $SOUN SoundHound AI stock at 5.91 support area , see https://stockconsultant.com/?SOUN
    • $ELEV Elevation Oncology stock bull flag breakout watch , see https://stockconsultant.com/?ELEV
    • $AVDX AvidXchange stock narrow range breakout watch above 13.32 , see https://stockconsultant.com/?AVDX
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.