Ergodic

Ergodic (also known as True Strength Index)

The Ergodic indicator values are calculated as the price momentum value twice smoothed by the exponential method.

It is calculated by the following formula:

The indicator view in the chart.

The indicator has the following parameters:

Settings
Short Period - set the indicator short period.

Long Period - set the indicator long period.

Signal Period - set the smoothing period of the indicator values.

Drawing
Panel - selection of the indicator location in the chart:

• New panel
• Chart

Visualization

Show value - display of the indicator value on the price scale.

Show zero values - display of zero values.

Scale/Auto-scaling - if this option is on, the scale will be automatically calculated, based on the minimum and maximum indicator values, so that the indicator would fit in the chart.

Color

Visual type - visual setting of the indicator display in the chart:

• Line
• Histogram
• Hash
• Block
• Cross
• Square
• Dots
• Up arrow
• Down arrow
• Axis label
• Hide

Line style - setting of the line display style:

• Dot
• Solid
• Dash
• Dash - dot
• Dash - dot - dot

Width - setting of the indicator line width.