May 3, 2022

5 2

BH Ergodic

BH Ergodic

The formula used to calculate the BH Ergodic Oscillator is the price difference for a given number of bars. The difference is smoothed by three moving averages and the signal line is calculated by smoothing the main line.

The values of the BH Ergodic indicator fluctuate around the zero line. At the peak, the values may approach 100. At the lows, the values may approach -100. High values of the indicator can mean that the market is in a strong uptrend or the price is in the overbought zone. Large negative values can mean that the market is in a strong downtrend or the price is in the oversold zone. The signal can occur when TSI line crosses/is above or below  Level or when TSI line crosses above/below Signal Line.

The indicator has one line:

  1. TSI
  2. Signal

We have added these basic conditions:

  • BH Ergodic is rising/falling
  • BH Ergodic is above/below level
  • BH Ergodic crosses above/below level

Indicator is implemented for: MT4/MT5/Tradestation/ Multicharts

 

You can easily do your conditions in Custom blocks. More informations you can find here:

 

 

2 Comments
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Emmanuel
Emmanuel
May 3, 2022 6:31 pm

awesome !!!!!!!!!!!!!!!!!!! Thank you Ivan !!

Oliver
Oliver
May 18, 2022 12:53 pm

this is great indicator!