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Hi Everyone,
It's seems like an interesting discussion we have here on this
Ergodic Indicator.
I could be wrong here, so please share your views on my
interpretation of this Ergodic Indicator.
Personally I believe its almost the same as MACD. If you were to
twig the parameter settings you could see a similarity in both the
Ergodic Indicator and the MACD.
Just my views.
Thank you
Sachin
PS Jose, your modified ergodic indicator (later posting of the
formula) if I put it into any NYSE symbol, the chart will just show
a chart formation of a triangle shaped or an inverted triangle shape
from the zero line.Is this how it should look like in the chart as
created by you in the latter posting. I believe this is what David
was trying to say.
--- In equismetastock@xxxxxxxxxxxxxxx, "Jose" <josesilva22@xxxx>
wrote:
>
> David, the previous example of the Ergodic code was set at
crossover
> signals as default - you've probably plotted it on a chart with
either
> insufficient data and/or no available signals.
>
> Try the original indicator code below:
>
> =======
> Ergodic
> =======
> ---8<---------------------------
>
> { William Blau's Ergodic indicator v2.0 }
> { Incorporating auto overbought/sold levels,
> and Ergodic/Signal line crossover signals }
> { With thanks to William Schamp at:
> ProfLogic@xxxx }
>
> { ©Copyright 2004~2005 Jose Silva
> The grant of this license is for personal use
> only - no resale or repackaging allowed.
> All code remains the property of Jose Silva.
> http://www.metastocktools.com }
>
> { User inputs }
> choose:=Input("Version: [1]Basic, [2]Proflogic's Ensign",1,2,2);
> pds1:=Input("Proflogic's Ensign orig: EMApds 28, SmoothPds
84",0,0,0);
> pds1:=Input("EMA periods",1,252,21);
> pds2:=Input("Smoothing periods",1,252,5);
> pds3:=Input("Signal periods",1,252,10);
> plot:=Input("[1]Ergodic, [2]Histogram, [3]Crossover
Signals",1,3,1);
>
> { Ergodic }
> x:=Mov(Mov(H-L,pds1,E),pds2,E);
> x:=If(x>0,x,.000001);
> ergo1:=(Mov(Mov(C-O,pds1,E),pds2,E)/x)*100;
>
> { Proflogic's Ensign Ergodic version:
> EMA periods = 28, Smoothing periods = 84 }
> ergo2:=
> Mov(Mov(Mov(C-Ref(C,-1),pds1,W),pds2,W),pds1,W)
> /Mov(Mov(Mov(Abs(C-Ref(C,-1)),pds1,W),pds2,W),
> pds1,W)*100;
>
> { Selected Ergodic version }
> ergodic:=If(choose=1,ergo1,ergo2);
>
> { Ergodic signal & histogram }
> signal:=Mov(ergodic,pds3,E);
> ergoPlot:=If(plot=1,ergodic,ergodic-signal);
>
> { Ergodic/Signal crossovers }
> long:=Cross(ergodic,signal);
> short:=Cross(signal,ergodic);
>
> { Average (zero-line) }
> ergoPlotAvg:=
> Cum(ergoPlot)/Cum(IsDefined(ergoPlot));
>
> { Auto overbought/sold boundaries }
> Pk:=Ref(ergoPlot,-1)=HHV(ergoPlot,3)
> AND Ref(ergoPlot,-1)>ergoPlotAvg;
> PkVal:=ValueWhen(1,Pk,Ref(ergoPlot,-1));
> Obought:=Cum(PkVal)/Cum(IsDefined(PkVal));
> Tr:=Ref(ergoPlot,-1)=LLV(ergoPlot,3)
> AND Ref(ergoPlot,-1)<ergoPlotAvg;
> TrVal:=ValueWhen(1,Tr,Ref(ergoPlot,-1));
> Osold:=Cum(TrVal)/Cum(IsDefined(TrVal));
>
> { Plot in own window }
> If(plot=1,signal,If(plot=2,ergoPlotAvg,0));
> If(plot=3,long-short,Obought);
> If(plot=3,long-short,Osold);
> If(plot=3,long-short,ergoPlot)
>
> ---8<---------------------------
>
>
> jose '-)
> http://www.metastocktools.com
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "david castley"
<drc1939@xxxx>
> wrote:
> > Jose - when I try copy and pasting the indicator I get a straight
> > zero line. Am I doing something wrong? David
>
> > ----- Original Message -----
> > From: Jose
> > To: equismetastock@xxxxxxxxxxxxxxx
> > Sent: 28 February 2005 6:55 AM
> > Subject: [EquisMetaStock Group] Re: Ergodic Theory
> >
> >
> >
> > Kevin, try this updated Ergodic indicator code:
> >
> > =======
> > Ergodic
> > =======
> > ---8<---------------------------
> >
> > { William Blau's Ergodic indicator v2.0 }
> > { Incorporating auto overbought/sold levels,
> > and Ergodic/Signal line crossover signals }
> > { With thanks to William Schamp at:
> > ProfLogic@xxxx }
> >
> > { ©Copyright 2004~2005 Jose Silva
> > The grant of this license is for personal use
> > only - no resale or repackaging allowed.
> > All code remains the property of Jose Silva.
> > http://www.metastocktools.com }
> >
> > { User inputs }
> > choose:=Input("Version: [1]Basic, [2]Proflogic's
Ensign",1,2,2);
> > pds1:=Input("Proflogic's Ensign orig: EMApds 28, SmoothPds
84",0,0,
> 0);
> > pds1:=Input("EMA periods",1,252,21);
> > pds2:=Input("Smoothing periods",1,252,5);
> > pds3:=Input("Signal periods",1,252,10);
> > plot:=Input("[1]Ergodic, [2]Histogram, [3]Crossover
Signals",1,3,
> 3);
> >
> > { Ergodic }
> > x:=Mov(Mov(H-L,pds1,E),pds2,E);
> > x:=If(x>0,x,.000001);
> > ergo1:=(Mov(Mov(C-O,pds1,E),pds2,E)/x)*100;
> >
> > { Proflogic's Ensign Ergodic version:
> > EMA periods = 28, Smoothing periods = 84 }
> > ergo2:=
> > Mov(Mov(Mov(C-Ref(C,-1),pds1,W),pds2,W),pds1,W)
> > /Mov(Mov(Mov(Abs(C-Ref(C,-1)),pds1,W),pds2,W),
> > pds1,W)*100;
> >
> > { Selected Ergodic version }
> > ergodic:=If(choose=1,ergo1,ergo2);
> >
> > { Ergodic signal & histogram }
> > signal:=Mov(ergodic,pds3,E);
> > ergoPlot:=If(plot=1,ergodic,ergodic-signal);
> >
> > { Ergodic/Signal crossovers }
> > long:=Cross(ergodic,signal);
> > short:=Cross(signal,ergodic);
> >
> > { Average (zero-line) }
> > ergoPlotAvg:=
> > Cum(ergoPlot)/Cum(IsDefined(ergoPlot));
> >
> > { Auto overbought/sold boundaries }
> > Pk:=Ref(ergoPlot,-1)=HHV(ergoPlot,3)
> > AND Ref(ergoPlot,-1)>ergoPlotAvg;
> > PkVal:=ValueWhen(1,Pk,Ref(ergoPlot,-1));
> > Obought:=Cum(PkVal)/Cum(IsDefined(PkVal));
> > Tr:=Ref(ergoPlot,-1)=LLV(ergoPlot,3)
> > AND Ref(ergoPlot,-1)<ergoPlotAvg;
> > TrVal:=ValueWhen(1,Tr,Ref(ergoPlot,-1));
> > Osold:=Cum(TrVal)/Cum(IsDefined(TrVal));
> >
> > { Plot in own window }
> > If(plot=1,signal,If(plot=2,ergoPlotAvg,0));
> > If(plot=3,long-short,Obought);
> > If(plot=3,long-short,Osold);
> > If(plot=3,long-short,ergoPlot)
> >
> > ---8<---------------------------
> >
> >
> > To reference above Ergodic signals for an exploration:
> >
> > long:
> > Fml("Ergodic")=1
> >
> > short:
> > Fml("Ergodic")=-1
> >
> >
> > jose '-)
> > http://www.metastocktools.com
> >
> >
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx, "Kevin and Heather
Howard"
> > <kjhoward@xxxx> wrote:
> > I have found the Ergodic discussion very useful and a
> > big thanks to Jose for coding up this indicator for Metastock.
> >
> > At the risk of sounding extremely dumb, is it
possible
> > to modify Jose's code to capture the up cross over of the signal
> > line by the EMA line (buy) and the down cross over of the signal
> > line by the EMA line (Sell) as a separate indicator (latch)
and/or
> > exploration? That is 1 for former and zero for later? I have not
> > been able to log onto trader online for several days, so if it is
> > already there, my apologies.
> >
> > Thanks a lot.
> >
> > Kevin
> >
> >
> > "A Society grows great when old men plant trees whose shade they
> > know they will never sit in."
> >
> >
> > -----Original Message-----
> > From: murusprimus [mailto:no_reply@xxxxxxxxxxxxxxx]
> > Sent: Sunday, 27 February 2005 1:43 AM
> > To: equismetastock@xxxxxxxxxxxxxxx
> > Subject: [EquisMetaStock Group] re: Ergodic Theory
> >
> > From someone called 'Jose':
> > http://www.metastocktools.com/MetaStock/Ergodic.txt
> >
> > and:
> > http://trader.online.pl/MSZ/e-w-ECO-
> > ergodic_Candlestick_Oscillator.html
> >
> > Wallace.
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