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Hi there,
I came across the above indicator at www.amibrokerfan.com (forum).
I found it useful as an indicator but I was wondering if it can be turned into a scanner also
with the inclusion of buy and sell signals. I am not sure but I think a buy signal is when
the signal line crosses above the Ergodic Oscillator. Could someone please help with the
necessary codes.
I reproduce the original code below for your easy reference.
Thank you.
Larry
// Blau: TSI & Ergodic Oscillator
Len_r = Param( "TSI period 'r':", 32 , 1
, 100
);
Len_s = Param( "TSI period 's':", 5 , 1
, 100
);
Len_5 = 5 ;
Mtm = C - Ref ( C, -1 );
AbsMtm = abs ( Mtm );
//===============================
Num_T = EMA ( EMA ( Mtm, Len_r ), Len_s );
Den_T = EMA ( EMA ( AbsMtm, Len_r ), Len_s );
TSI = 100 * Nz ( Num_T / Den_T );
//===============================
Num_E = EMA ( EMA ( Mtm, Len_r ), Len_5 );
Den_E = EMA ( EMA ( AbsMtm, Len_r ), Len_5 );
Ergodic = 100 * Nz ( Num_E / Den_E );
SigLin = EMA ( Ergodic, Len_5 );
//===============================
GraphXSpace = 2 ;
//Plot( TSI, "TSI", colorGreen, styleLine );
ErgCol = colorBlue ;
Plot(
Ergodic, "Ergodic Osc.", ErgCol, styleLine );
Plot(
SigLin, "", colorDarkYellow, styleLine
);
//===============================
Hist = Ergodic - SigLin;
HistCol = IIf ( Hist>= 0, colorGreen, colorRed );
Plot(Hist, "Histogram", HistCol, styleHistogram
| styleThick |
styleNoLabel );
//===============================
Title = EncodeColor( colorDarkBlue ) + FullName() + " [" + Name() + "]
" +
EncodeColor( colorDarkGrey
) + WriteVal( DateTime(), formatDateTime
) +
"\n"
+
EncodeColor( colorBrown
) + "Blau: The Ergodic Oscillator, EO(" +
EncodeColor(
ErgCol ) + "r"
+ EncodeColor( colorBrown
) + ",5,5 ) " +
EncodeColor(
ErgCol ) + "r_Pds: " + Len_r +
EncodeColor( colorGrey40
) + " (Adjustable).";
//===============================
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