Ergodic CM I-Oscillator Blau Ergodic CM I
This is a powerful addition to your MetaTrader 5 toolkit designed to optimize market analysis and performance. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use Ergodic CM I-Oscillator Blau Ergodic CM I
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
Description & Settings
Ergodic CMI-Oscillator (based on ) is described by William Blau in the book .
WilliamBlau.mqh must be placed in
terminal_data_folder
\MQL5\Include\
Blau_CMI.mq5 must be placed in
terminal_data_folder
\MQL5\Indicators\
Ergodic CMI-Oscillator by William Blau
Calculation:
The Ergodic CMI-Oscillator is defined as follows:
where:
Ergodic_CMI() - Ergodic - Candlestick Momentum Index CMI(price1,price2,q,r,s,u);
SignalLine() - Signal Line - exponentially smoothed moving average EMA(ul), applied to Ergodic;
ul - period of a signal line.
Input parameters:
graphic plot #0 - Ergodic (Candlestick Momentum Index):
q - number of bars, used in calculation of Candlestick Momentum (by default q=1);
r - period of the 1st EMA(r), applied to Candlestick Momentum (by default r=20);
s - period of the 2nd EMA(s), applied to result of the 1st smoothing (by default s=5);
u - period of the 3rd EMA(u), applied to result of the 2nd smoothing (by default u=3);
graphic plot #1 - Signal Line:
ul - period of the Signal Line - EMA(ul), applied to Ergodic (by default ul=3);
AppliedPrice1 - (by default AppliedPrice1=PRICE_CLOSE);
AppliedPrice2 - (by default AppliedPrice2=PRICE_OPEN).
Notes:
q>0;
r>0, s>0, u>0. If r, s or u are equal to 1, smoothing is not used;
ul>0. If ul=1, the signal and main lines are the same;
Min. rates = (q-1+r+s+u+ul-4+1).
