ProfLogic's Method

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Quote from ProfLogic:

Nothing for that one yet.
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Actually, it has Ergodic and TSI with the correct formula from Blau's works.

Perhaps you meant it doesn't have any custom ProfLogic Ergodic yet?
 

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Quote from IanMacQuaide:

on Sierra Charts, pull up the Ergodic, and in Subgraph settings, where it shows "Do Not Draw", click on the arrow to the right, and select Bar. It'l turn it into a Histogram. I don't know how to read Ergodic yet, but I suppose, like my 5 and 34 EMA's, it could become useful.
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If you do that, you will be setting both the "Signal line" and "Ergodic Oscillator" to histogram. It doesn't make any sense to have them both in histogram as they will override each other.

The reason they default to "do not draw" is because people were only using the pure Ergodic by default. The other computations were included but not set by default.

Al the "ergodic oscillator" is is the difference between the Ergodic and the Signal Line. It's exactly the same conceptually as the MACD histogram, which shows the difference between the MACD and its Signal Line.

Here is an ESZ8 chart with 16807 volume bars (ProfLogic's number) with the default Erg, Erg signal line, and Erg Oscillator (histogram).


<img src=http://elitetrader.com/vb/attachment.php?s=&postid=2195390 width=800>
 

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Quote from IanMacQuaide:

hope this works...
What is "PRIME" on this Ergodic?
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As I mentioned in my previous post, it doesn't make any sense to have the signal line AND the oscillator set to bar (histogram). They are going to override each other. The "Erg Osc" as it is called is just the difference between the Erg and the Signal Line, just like the histogram in the MACD. Take a look at the pic I uploaded for clarification and to see how the "Erg Osc" represents the difference between Erg and Signal Line.

I just want to get this corrected so we're all on the same page before we continue to chat about the erg :)



Also, how'd you get your font all italics like that? :D
 
ProfLogic, looking at your attachments, what is the difference between the big arrows and the little arrows?

What is the reason you take *some* trades when the histogram is above the top horizontal line and then reverses slope and turns down, but not others when the histogram is above the top horizontal line and then reverses?

Is that two Ergodics you have plotted there? The histogram is a faster one and the red/blue line is a slower one?
 
1a2b3cppp, ProfLogic,

Just trying to follow along here.... using Tradestation, I'm trying to create the same chart / ergodic as you have posted.

I notice there are some differences between what you have posted and what I am able to get. I've obviously tried to tweak the settings but that doesn't quite cut it.

Would be great if you could take a look and let me know any quick thoughts on following:

a) Any ideas on what may be causing the differences? (The hand drawn arrows on the chart hilight where some of the differences are)
b) Are those differences really meaningful for the methodology?

From the posts it sounds like there are differences between the standard version of the standard version and the version of the ergodic indicator you are using. Could that be it?


I also had some additional questions on the methodology but figured I'd started by first trying to replicate the chart setup as closely as possible.

Thanks!


<img src=http://elitetrader.com/vb/attachment.php?s=&postid=2195416 width=800>
 

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Quote from Tums:

There are 2 old threads here on ET where ProfLogic explained everything in detail... plus some.



some=fireworks
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What do you mean fireworks? Is that a colloquialism I don't understand?

Do you remember what the thread subjects were? Has has a lot of posts and it would take forever to search through them. Did he give Ergodic settings?
 
Quote from keep learning:

1a2b3cppp, ProfLogic,

Just trying to follow along here.... using Tradestation, I'm trying to create the same chart / ergodic as you have posted.

I notice there are some differences between what you have posted and what I am able to get. I've obviously tried to tweak the settings but that doesn't quite cut it.

Would be great if you could take a look and let me know any quick thoughts on following:

a) Any ideas on what may be causing the differences? (The hand drawn arrows on the chart hilight where some of the differences are)
b) Are those differences really meaningful for the methodology?

From the posts it sounds like there are differences between the standard version of the standard version and the version of the ergodic indicator you are using. Could that be it?


I also had some additional questions on the methodology but figured I'd started by first trying to replicate the chart setup as closely as possible.

Thanks!


<img src=http://elitetrader.com/vb/attachment.php?s=&postid=2195416 width=800>
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Hey,

I copied your settings and got the same exact chart you did. I'm not sure what ProfLogic's settings are, but for your Ergodic which is set with 252 (long) and 84 (short), it looks exactly like mine.


<img src=http://elitetrader.com/vb/attachment.php?s=&postid=2195491 width=800>
 

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