What's an ergodic indicator?

[IronFist]

Quote from Bearbelly:

search proflogic

I googled that word and got user results here.

 

[HolyGrail]

Quote from IronFist:

I googled that word and got user results here.

Search on this site, not google.

 

[taowave]

Quote from jficquette:

I shouldn't have said what I did. I know it sounds discouraging and don't wish to discourage you from using them. Everyone has to find their own style.

I do use indicators for extreme readings to fade moves. RSI(14) readings over 93+ on a 15 min chart will pretty much show a top. HCR gave it today.

John

John,I was asking because I am coming to the very same conclusion.9 months ago,I disconncted my intraday feeds and combined fundamentally filtered stocks with simple candlesticks,volume analysis and trendlines(andrews).

I now spend 1/4 of the time "trading" and have significantly better returns

 

[Michael Meangel]

This indicator was created by William Blau and is a double smoothed ratio of the difference between
the Close and Open of each bar, and the difference between the High and Low prices for each bar.

This one of the indicators that I use everyday.

 

[Jahajee]

Quote from jficquette:

Here is the function in easy language:


inputs: r(numericsimple), s(numericsimple), u(numericsimple);


value1= 100* TripleAverage(close-open, r, s, u);
value2= tripleaverage(high-low,r,s,u);

if value2 <> 0 then
blaucsi = value1/value2
else
blaucsi = 0

Then plug that into this:


inputs: r(13), smooth1(5), smooth2(5);

value1 =blaucsi(r,smooth1,1);

value2 = blaucsi(r,smooth1,smooth2);



plot1(value1, "Blaucsi");
plot2(value2, "sigline");
plot3(20,"Overbought");
Plot4(-20, "Oversold");



It takes the gaps out. It's nothing special to it until after the fact.

All indicators are BS as far as I am concerned.

John

PS Blau used 26,5 as the default.

I am using Multicharts which does not have the TripleAverage function. Please post the code for this function.

Thanks

 

[Jahajee]

Quote from trade4bucks:

I see - buy the book to get the code for a function.

 

[bigmrfrank]

Quote from Tums:

http://www.amazon.com/Momentum-Dire..._bbs_sr_1/104-6373398-1420726?ie=UTF8&s=books

Momentum, Direction, and Divergence
by William Blau "Our interest in technical analysis is due to our interest in making money..."

I use TSI. I've also got the book if anyone is interested. PM Me.

 

[ProfLogic]

Quote from trade4bucks:It takes the gaps out. It's nothing special to it until after the fact.

All indicators are BS as far as I am concerned.

John

PS Blau used 26,5 as the default.

If you use an indicator to "trade from" it is BS. Indicators should only be used to "confirm" what you are already seeing happening in price movement in real-time. Indicators lag and are only good for confirmation.