ProfLogic's Method
- Thread starter El Guapo
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this is as close as I could come to the Erg El Guapo is posting. My thick colored line is a MA of the Erg itself (the green dashed line).
Not exactly right, you can see at 13:31 his is lower and at 13:32 his is higher, and mine is the opposite, but it's close.
Here are the settings I used in SierraChart:
Ergodic:
Input Data: HLC Avg
Long Exp MovAvg Length: 49
Short Exp MovAvgLength: 147
Multiplier: 100
Signal Line MovAvg Length: 49
Then on the SubGraphs tab:
Erg - Line - Dot - Width 1
Erg Signal Line (the MA of the Erg) - Line - Solid - Width 2. Set this line to blue slope up and red slope down
Then add the Horizontal Lines study:
Put it in the same region as your Erg
Set the first line to 10, the second line to -10. On the Subgraphs tab set them to Line - Solid. The second one will default to 'do not draw" so make sure you change this.
I suspect that El Guapo's formula is using a different type of MA to calculate it which is why mine is *close* but not *exact*.
Cheers.
Not exactly right, you can see at 13:31 his is lower and at 13:32 his is higher, and mine is the opposite, but it's close.
Here are the settings I used in SierraChart:
Ergodic:
Input Data: HLC Avg
Long Exp MovAvg Length: 49
Short Exp MovAvgLength: 147
Multiplier: 100
Signal Line MovAvg Length: 49
Then on the SubGraphs tab:
Erg - Line - Dot - Width 1
Erg Signal Line (the MA of the Erg) - Line - Solid - Width 2. Set this line to blue slope up and red slope down
Then add the Horizontal Lines study:
Put it in the same region as your Erg
Set the first line to 10, the second line to -10. On the Subgraphs tab set them to Line - Solid. The second one will default to 'do not draw" so make sure you change this.
I suspect that El Guapo's formula is using a different type of MA to calculate it which is why mine is *close* but not *exact*.
Cheers.
As you can see, as 'someone', I'm a decent researcher on google and copernic
As I stated earlier, the ERG I use in MultiCharts is with my settings. I use a single line and have it change colors at the oscillations.
Less of a distraction.
The parameters of my ERG help create the Primes (extremes) and mirror price movement as smoothly as possible.
Less of a distraction as well.
It is password protected because of the programmer and MultiCharts. I don't charge to give it out I just want to know who is using it. If you want to use the generic ERG and work through the parameters own your own . . . go for it. It only took me 18 months to tweak it. If you want mine, I will give it to you no charge.
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