Blau Jurik Ergodic Oscillator
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Jimmy wrote: Sat Jun 19, 2021 2:51 pm
William Blau's Ergodic Oscillator using Jurik instead of the regular Moving Average by Mrtools.
BT = on/off button
You can place the button in the separate window.
In the computer world, computer counts the main window as "0".
The first separate window as "1".
Ergodic Oscillator by William Blau is based on True Strength Index indicator
(see
Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Technical Analysis).
To indicate the trend reversal, the signal line is used.
Buy signal: upward crossover of the signal line.
Sell signal: downward crossover of the signal line.
The signal line is calculated using the smoothing of a base line (Ergodic, True Strength Index), the averaging period is equal to the last averaging period of a base line.
The trend is upward when base line above the signal line, the trend is downward when base line below the signal line.