The Ergodic oscillator is based on a true strength index by William Blau. It is a double smoothed candlestick oscillator made upon 2 sets of exponential moving average.
This indicator is acting pretty much like a stochastic oscillator, but with less compression in its oversold and overbought areas, which tends to identify more clearly the trend.
It comes with a signal line (in blue in the screenshot) for buy or sell signals triggers.
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//parameters R = 8 S = 5 SignalP = 5 ErgoSignalP = 3 MTM = Close-Close[1] absMTM = ABS(MTM) EMA1mtm = exponentialaverage[R](MTM) EMA1absmtm = exponentialaverage[R](absMTM) EMA2mtm = exponentialaverage[S](EMA1mtm) EMA2absmtm = exponentialaverage[S](EMA1absmtm) TSI = 100*EMA2mtm/EMA2absmtm Signal = exponentialaverage[SignalP](TSI) Ergodic = exponentialaverage[5](Signal) ErgodicSignal = exponentialaverage[ErgoSignalP](Ergodic) RETURN Ergodic coloured(0,0,210) as "Ergodic oscillator", ErgodicSignal coloured(210,0,0) as "Signal", 20 as "20", -20 as "-20" |
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Bonjour, merci pour cet indicateur, serait il possible de construire un screener qui ramène les croisements à la hausse
Oui c’est possible, merci de formuler votre demande dans le forum des screeners, en respectant les règles de publication.