ProfLogic's Method

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Quote from RedDuke:

Yes, the price action on non fixed time fractal is the key. Bill chose ergodic to help him, I use CCI, but price action is above everything else.
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Correct. Both you and Hombre are correct.
 
Quote from Equalizer:

Yes and no. Blau used expo MAs, some of he MAs used in this version are weighted. Probably an accidental setting in the indicator provided by Ensign windows where this particular abomination was concocted.
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Some of man's greatest discovers have come from accidents.

In regards to simply posting the ERG's, well that isn't always possible. The ERG I have in MultiCharts is password protected but I give it to any real human who asks . . . for free. This way I at least know who is using it. The tradestation is a program written by one of my students. He's allowed me to give it out, again, for free but I likewise prefer to to give it real humans who ask for it. I really don't mind sharing but I have been burnt before so I think I have a right to track where my stuff goes that I give out for free.
 
ErlangerQuote

True Strength Index (TSI)

As highlighted in Bill Blau's book Momentum, Direction and Divergence, the True Strength Index (TSI) is a double smoothed momentum indicator. Through the use of two sequential exponential moving averages, the TSI yields "low lag, smooth curves which also show trending characteristics of price."

<img src=http://www.erlangerquote.com/images/TSIsamp.gif>


Ergodic Oscillator (EO)

As highlighted in Bill Blau's book Momentum, Direction and Divergence, the Ergodic Oscillator (EO) is a double smoothed True Strength Index (TSI) with a signal line.

<img src=http://www.erlangerquote.com/images/EOsamp.gif>

The ergodic is intended to act like a stochastic indicator without the "compression" often seen with stochastics at extremes. As a result, the Ergodic helps to register long trends in prices:

<img src=http://www.erlangerquote.com/images/EOsamp2.gif>


http://www.erlangerquote.com/
http://www.erlangerquote.com/newplugins.htm
 
Quote from ProfLogic:

Some of man's greatest discovers have come from accidents.

In regards to simply posting the ERG's, well that isn't always possible. The ERG I have in MultiCharts is password protected but I give it to any real human who asks . . . for free. This way I at least know who is using it. The tradestation is a program written by one of my students. He's allowed me to give it out, again, for free but I likewise prefer to to give it real humans who ask for it. I really don't mind sharing but I have been burnt before so I think I have a right to track where my stuff goes that I give out for free.
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Well, the one I gave away for free here, is supposedly the original Ensign version for TS which if I am not mistaken is your version as well:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=146039&perpage=6&pagenumber=26

courtesy of Kreslik, a free site.

Note to Multichart users, the ELD should be usable for you as well - and no passwords are necessary to control anything.

It also contains two settings for a fast and slow ERG.

You're welcome.

Disclaimer: I do not use any indicators in my trading - use at you own risk.
 
Quote from Bernard111:

Probably he's talking about CVB fractal behavior. my 2 cents.
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Exactly, time bars 1min, 5 min and so on distort price action. Market does not care that 5 min bar ended, but when CVB bars are used, they represent pure price action, and thus making its analysis more accurate.
 
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