Hi there,
I came across the above indicator at www.amibrokerfan.com (forum).
I found it useful as an indicator but I was wondering if it can be turned into
a scanner also
with the inclusion of buy and sell signals. I am not sure but I think a buy
signal is when
the signal line crosses above the Ergodic Oscillator. Could someone please help
with the
necessary codes.
I reproduce the original code below for your easy reference.
Thank you.
Larry
// Blau: TSI & Ergodic Oscillator
Len_r = Param( "TSI period 'r':", 32 , 1 , 100 );
Len_s = Param( "TSI period 's':", 5 , 1 , 100 );
Len_5 = 5 ;
Mtm = C - Ref ( C, -1 );
AbsMtm = abs ( Mtm );
//===============================
Num_T = EMA ( EMA ( Mtm, Len_r ), Len_s );
Den_T = EMA ( EMA ( AbsMtm, Len_r ), Len_s );
TSI = 100 * Nz ( Num_T / Den_T );
//===============================
Num_E = EMA ( EMA ( Mtm, Len_r ), Len_5 );
Den_E = EMA ( EMA ( AbsMtm, Len_r ), Len_5 );
Ergodic = 100 * Nz ( Num_E / Den_E );
SigLin = EMA ( Ergodic, Len_5 );
//===============================
GraphXSpace = 2 ;
//Plot( TSI, "TSI", colorGreen, styleLine );
ErgCol = colorBlue ;
Plot( Ergodic, "Ergodic Osc.", ErgCol, styleLine );
Plot( SigLin, "", colorDarkYellow, styleLine );
//===============================
Hist = Ergodic - SigLin;
HistCol = IIf ( Hist>= 0, colorGreen, colorRed );
Plot(Hist, "Histogram", HistCol, styleHistogram | styleThick |
styleNoLabel );
//===============================
Title = EncodeColor( colorDarkBlue ) + FullName() + " [" + Name() + "]
" +
EncodeColor( colorDarkGrey ) + WriteVal( DateTime(), formatDateTime ) +
"\n" +
EncodeColor( colorBrown ) + "Blau: The Ergodic Oscillator, EO(" +
EncodeColor( ErgCol ) + "r" + EncodeColor( colorBrown ) + ",5,5 ) " +
EncodeColor( ErgCol ) + "r_Pds: " + Len_r +
EncodeColor( colorGrey40 ) + " (Adjustable).";
//===============================
