Ergodic MA C D Oscillator Blau Ergodic MA C D
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. 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 MA C D Oscillator Blau Ergodic MA C D
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 MACD Oscillator by William Blau is described in the book .
WilliamBlau.mqh must be placed in
terminal_data_folder
\MQL5\Include\
Blau_Ergodic_MACD.mq5 must be placed in
terminal_data_folder
\MQL5\Indicators\
Erogdic MACD Oscillator by William Blau
Calculation:
Ergodic MACD Oscillator is defined as follows:
where:
Ergodic_MACD() - Ergodic - MACD(price,r,s,u);
SignalLine() - Signal Line - exponentially smoothed moving average EMA(ul), applied to MACD;
In contrast with the standard MACD indicator (it uses the ), the is used in the approach, proposed by William Blau.
Input parameters:
graphic plot #0 - Ergodic (moving average convergence/divergence):
r - period of the 1st EMA (slow), applied to price (by default r=20);
s - period of the 2nd EMA (fast), applied to price (by default s=5)
u - period of the 3rd EMA, applied to MACD (by default u=3);
graphic plot #1 - Signal Line:
ul - smoothing period (signal line), applied to Ergodic (by default ul=3);
AppliedPrice - (by default AppliedPrice=PRICE_CLOSE).
Note:
r>1, s>1;
s<r (according to William Blau, there isn't any checks in the code);
u>0. If u=1, smoothing is not used;
ul>0. If ul=1, the signal and ergodic lines are the same;
Min. rates =([max(r,s)]+u+ul-3+1).
