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ECO - Ergodic Candlestick Oscillator II by William Blau

Hi: Would someone have any of the indicators form William Blau's book: Momentum,
Direction and Divergence?

Thanks-Rick


Here is Blau Ergodic Candlestick Oscillator


ECO - Ergodic Candlestick Oscillator II

ave1:=11; {ms says 25, esignal default is 32,vlad uses 11}
ave2:=4; {ms says 13, esignal default is 12,vlad uses 4}
ave3:=5; {esignal says5}

eco:=(Mov(Mov(C-O,ave1,E),ave2,E)/Mov(Mov(H-L,ave1,E),ave2,E))*100;
signal:=Mov(eco,ave3,E);
eco;
signal

 

This will plot the TSI as red, when you change the color the color of the signal line will change. As an alternate, you can leave the signal line off and drop a moving average on the eco line. May be easier to get different colors.

Tom Sprunger
Source / From: TOP
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