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Ergodic Tick volume indicator
Source: https://fxcodebase.com/code/viewtopic.php?f=48&t=65995
Forum: 48 · Topic 65995 · 8 post(s)
Ergodic Tick volume indicator
Alexander.Gettinger · Tue May 01, 2018 11:10 am
Formulas: ETVI = EMA(EMA(TVI)), Signal = EMA(ETVI), where TVI = EMA(TV), where TV = 100*(EMA_Up2-EMA_Dn2)/sum, EMA_Up2 = EMA(EMA(UpTicks)), EMA_Dn2 = EMA(EMA(DnTicks)), UpTicks = (Volume+(Close-Open)/pipSize)/2, DnTicks = Volume-UpTicks, pipSize - size of 1 pip.
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Re: Ergodic Tick volume indicator
logicgate · Thu Dec 13, 2018 5:42 pm
Hi brother, can you please compile the MT4 version of this indi?
God Bless and good trades.
Re: Ergodic Tick volume indicator
logicgate · Thu Dec 13, 2018 5:48 pm
Just to be sure, this is the Ergodic TVI Oscillator, correct? As in this image:
Re: Ergodic Tick volume indicator
Apprentice · Fri Dec 14, 2018 1:54 pm
In indicator we use UpTicks[period]=(source.volume[period]+(source.close[period]-source.open[period])/pipSize)/2; DnTicks[period]=source.volume[period]-UpTicks[period];
In the article, Up / Down volume is provided by Broker.
Re: Ergodic Tick volume indicator
logicgate · Fri Dec 14, 2018 1:57 pm
Apprentice wrote: In indicator we use UpTicks[period]=(source.volume[period]+(source.close[period]-source.open[period])/pipSize)/2; DnTicks[period]=source.volume[period]-UpTicks[period];
In the article, Up / Down volume is provided by Broker.
I think that if you use the same principle fo that cumulative delta indicator I posted, it might work.
Re: Ergodic Tick volume indicator
logicgate · Fri Dec 14, 2018 2:02 pm
You way is correct, is just the example of the book the data source is different, but is the same idea. So It is just the matter of compiling the MT4 version, then! Cheers!
Re: Ergodic Tick volume indicator
Apprentice · Mon Dec 17, 2018 6:22 am
Your request is added to the development list under Id Number 4375
Re: Ergodic Tick volume indicator
Apprentice · Wed Dec 26, 2018 5:55 am
Try this version. viewtopic.php?f=38&t=67206