Ergodic CMI Oscillator Blau_Ergodic_CMI - MetaTrader 5 Script - MT4/MT5 Resources
Author: Andrei N. Bolkonsky
The Ergodic CMI Oscillator (based on the Candlestick Momentum Index ) is described by William Blau in the book "Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators to Technical Analysis" .
William Blau's Ergodic CMI Oscillator
The ergodic CMI oscillator is defined as follows:
Ergodic_CMI(price1,price2,q,r,s,u) = CMI(price1,price2,q,r,s,u)
SignalLine(price1,pric2,q,r,s,u,ul) = EMA( Ergodic_CMI(price1,pric2,q,r,s,u) ,ul)
Attachment download
📎 blau_ergodic_cmi.mq5 (11.43 KB)
📎 williamblau.mqh (4.52 KB)
Source: MQL5 #380
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