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.