Author: Andrey N. Bolkonsky
Ergodic MDI-Oscillator by William Blau is based on Mean Deviation Index (see Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Technical Analysis).Usage:
Ergodic MDI-Indicator by William Blau
Ergodic Mean Deviation Oscillator is calculated as follows:
Ergodic_MDI(price,r,s,u) = MDI(price,r,s,u)
SignalLine(price,r,s,u,ul) = EMA( Ergodic_MDI(price,r,s,u) ,ul)
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/374
The Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.Average Directional Movement Index (ADX)
The Average Directional Movement Index Indicator (ADX) helps to determine if there is a price trend.