Ergodic MDI
“Ergodic MDI” could refer to a variation or modification of the Ergodic Indicator, possibly focusing on Market Direction Index (MDI). Integrating Ergodic MDI into Amibroker with a dependable data feed enables traders to assess market direction or strength through this modified Ergodic Indicator, aiding in trend analysis or identifying potential trend reversals.
/_SECTION_BEGIN("Ergodic MDI");
r = Param( "First Smoothing Periods", 32, 1, 100, 1 );
s = Param( "Second Smoothing Periods", 12, 1, 100, 1 );
er = 5;
sp = Param("Signnal Periods", 5, 1, 12, 1 );
eMD = EMA(EMA(C - EMA(C,r),s),er);
Plot(eMD, "Ergodic MDI("+r+","+s+","+er+")", colorRed);
Plot(EMA(emd,sp), "Signal("+sp+")", colorLightBlue);
PlotGrid(0, colorLightGrey);
_SECTION_END();