Indicators: Blau_Ergodic

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Blau_Ergodic:

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.

Blau Ergodic Oscillator

Author: Andrey N. Bolkonsky

 
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