Hi Rick,
Thank you so much for you response. I saw the following comment in the forum
too:
"Green Histogram & Blue line above 0 is buy
Red Histogram & Blue line under 0 is sell"
However,the poster appeared to be seeking a confirmation whether his/her
assumption
was correct. Unfortunately there was no response to the enquiry.
>From my observation, based on a comparison of the Ergodic chat with the price
>chart of
a stock, the stock's price will start moving up when the blue signal line
crosses above the
Ergodic oscillator. And the price moves downward when the blue signal line
crosses
below the Ergodic Oscillator.
Could you please devise a code for the crossing without regard to whether it is
in the
green or red histogram?
Once again, thank you.
Larry
P.S. I'll also experiment with the code that you've already given me below.
On 18 Apr 2007 at 1:12, Rick Osborn wrote:
>
> If, as the forum says...
> Green Histogram & Blue line above 0 is buy
> Red Histogram & Blue line under 0 is sell
>
> Then the code would be
>
> Buy = Ergodic > SigLin AND Hist >= 0;
> Sell = SigLin > Ergodic AND Hist < 0;
> Filter = Buy OR Sell;
> AddColumn(Filter,"Signal",1.0);
>
> (you may want to separate the Addcolumn stuff)
> Rick
> --- Larry <[EMAIL PROTECTED]> wrote:
>
> > 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).";
> > //===============================
> >
> >
>
> Rick Osborn & Associates
> 885 Sorrento Ave.
> Oshawa, Ontario L1J 6V6
> (905) 728-8543 fax 728-0815
>
>
