ErgodicOsc

Description

The Ergodic Oscillator plots a histogram showing difference between values of True Strength Index study plots. Once the True Strength index suggests entering or exiting position at points of crossovers of the two plots, look for Ergodic Oscillator zero values to identify these crossovers.

Input Parameters

Parameter Description
long length The number of bars used in calculation of long moving average in True Strength Index.
short length The number of bars used in calculation of short moving average in True Strength Index.
signal length The number of bars used in calculation of Signal plot in True Strength Index.
average type The type of moving average to be used in calculations: simple, exponential, weighted, Wilder's, or Hull.

Plots

Plot Description
ErgodicOsc The Ergodic Oscillator histogram.
ZeroLine The zero level.

Example*

*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.

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