Quote:
Originally Posted by tigertrader
Thanks for the reply fxbs.
This is an adaptation of a concept stolen from November 2003 Trading Tips Newsletter. Scroll down until you get to "Qualify CCI with Ergodic". It appears to me that when the solid blue line (ergodic) is at an extreme high or low AND the signal line is between it and the midpoint that the trigger to enter a position is much more valid than just a simple cross of the two lines. This seems to filter many false entries. This is just a "visual" observation and needs testing. |
cci erg conf.gif
Yes, Tigertrader - you should explain your idea on the chart - it's quite different from described in atricle
Qualify CCI with Ergodic
November 2003 Trading Tips Newsletter
One way to use the Ergodic indicator is as a qualifier for the CCI indicator. The blue line is the Ergodic study superimposed on the Commodity Channel Index study. Ergodic confirms the CCI extreme trades very well. We used to get a 50/50% win/loss ratio on these trades. The last few days it is running more like 80% winners. This method is only used for reversals when the CCI is in the extreme range.
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Quote:
Originally Posted by Linuxser
That article talks about CCI and Ergodic.
Investor/RT Tour - SMI Ergodic Indicator
Ergodic = TSI
Ergodic Signal Line = EMA(TSI)
Ergodic Oscillator = TSI - EMA(TSI)
Investor/RT Tour - True Strength Index
TSI = NUM / DEN
where
NUM = MA(MA(Mom, Exp, Long, m), Exp, n)
DEN = MA(MA(AbsMom, Exp, Long, m), Exp, n)
Mom = PRICE - PRICE.1
AbsMom = ABS(PRICE - PRICE.1)
m = Long Term
n = Short Term |
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just want to remind :
http://www.forex-tsd.com/151836-post23.html
"Well known FX Sniperīs Ergodic CCI Trigger is based on multiple smoothing of instantaneous price velocity (C-C[1]) and have not nothing common with CCI formula.
pq,
pr, ps - periods of smoothing (EMA)
trigger - period of trigger (EMA)"