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Ergodic Candlestick Oscillator

An optimized, ultra fast loading version using optimization techniques from the article on MoveTheMarkets, as referenced in the Optimize C# thread of the Forums.

Version 1.4 uploaded on May 30 should work with NT6.5 as well as NT7. Tested out OK here, please send me a PM if any problems.

Adapted from Blau's Momentum/Direction/Divergence by zoltran (Wes S.) and optimized by Zondor (Zondor�)

Here are the "rules" for using this.. take them with a grain of salt! Never rely wholly on indicators, nor on a single time frame!

Enter or hold position only when slope of ECO2New3 Signal line has the same direction as the trend
Stand aside when slope of ECO2New3 Signal Line is in the opposite direction of trend
Enter or exit position when ECO2New3 and its Signal Line cross
The magenta dot shows when the ECO2New3 is 'inside' its signal line, indicating failing momentum.

Category The Elite Circle

Details: Ergodic Candlestick Oscillator
Category: The Elite Circle

May 26th, 2010
Size: 11.05 KB

Keywords: zondor ergodic

Comments/ratings

maumau May 31st, 2010 03:59 PM

Excellent work and description, thank you!

Doppio October 12th, 2010 09:06 AM

This is brilliant stuff. I've been looking for just such an indicator to confirm entry within a trend.
doppio

MasterSeer November 20th, 2010 07:23 PM

No Comment

Trafford November 21st, 2010 04:29 PM

Nice indicator - used in conjunction with say Delta Momentum indicator this works very well, price, and net Buy and Sell could not ask for more - great work

kevinhenjum March 7th, 2011 02:47 PM

Really useful indicator.

dbnaegele September 7th, 2011 05:46 AM

Nice work--thanks!

visionone September 24th, 2011 09:12 AM

Nice work. Has anyone built a strategy around this indicator? I am new to NT and interested in trying to backtest a strategy using this indicator. Appreciate any suggestions or pointers.