Blau

Blau Ergodic TSI – indicator MetaTrader 5

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Blau Ergodic TSI - indicator for MetaTrader 5
Ergodic True Strength index (as described by the author – William Blau) Definition: By definition TSI (True Strength Index) is a double smoothed momentum calculated using the following formula: By further extending his definition, William Blau states that: The Ergodic is a double smoothed TSI with one smoothing fixed at five price bars. A further … Read more

Double smoothed stochastic Blau – indicator MetaTrader 5

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Double smoothed stochastic Blau - indicator for MetaTrader 5
Theory: This version can easily be tracked down. It was originally published in an TASC article “Double-Smoothed Stochastic” by William Blau and was published way back in 1990. The calculation is defined as: where: C = Current closeLa = Lowest low in a daysHa = Highest high in a daysEy = y-day exponential moving averageEz … Read more