Ergodic Mean Deviation Index Oscillator Ergodic_MDI - MetaTrader 5 Script - MT4/MT5 Resources
Author: Andrei N. Bolkonsky
William Blau's Ergodic MDI Oscillator is based on the Mean Deviation Index (Looking at Momentum, Direction and Divergence: Technical Analysis with the Latest Momentum Indicator ).
William Blau's Ergodic MDI Indicator
The ergodic mean deviation oscillator is calculated as:
Ergodic_MDI(price,r,s,u) = MDI(price,r,s,u)
SignalLine(price,r,s,u,ul) = EMA(Ergodic_MDI(price,r,s,u),ul)
Attachment download
📎 blau_ergodic_mdi.mq5 (7.85 KB)
📎 williamblau.mqh (4.52 KB)
Source: MQL5 #374
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