[Metastockusers] MACD vs. True Strength Index/Ergodic Oscillaotor

[<uhehs@xxxxxxxx>]

<font size=2 color=black
face=Arial>[from April&#8217;s Activetrader magazine]

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<font size=2 color=black
face=Arial>100*[{EMA2(EMA1(mtm))}/{EMA2(EMA1(|mtm|))}]

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<font size=2 color=black
face=Arial>where:

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face=Arial>mtm = one day momentum

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face=Arial>|mtm| = absolute value of one day momentum

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face=Arial>EMA1 = longer term EMA [60 bars, for example]

<font size=2 color=black
face=Arial>EMA2 = shorter term EMA [5 bars, for example]

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<font size=2 color=black
face=Arial>Any criticisms on this?










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