SMI Ergodic Indicator

Trading Ergodics with the Trend - Rules

  1. Enter or hold position only when slope of Ergodic Signal line has the same direction as the trend
  2. Stand aside when slope of Ergodic Signal Line is in the opposite direction of trend
  3. Enter or exit position when Ergodic and its Signal Line cross

Presentation

chart

The Ergodic Indicator is implemented in Investor/RT using RTL, thus the Professional Edition is required to utilize the indicator. An example Ergodic chart can be downloaded and imported into Investor/RT. Click on the Examples tab above.

Formula

By default, TSI is setup with a Short Term of 5 and a Long Term of 20 and EMA is setup with a period of 5.

SMI Ergodic Chart
Ergodic = TSI Ergodic Signal Line = EMA(TSI) Ergodic Oscillator = TSI - EMA(TSI) By default, TSI, the True Strength Index is setup with a Short Term of 5 and a Long Term of 20 and EMA is...

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Tutorial - RTL
What follows is a basic tutorial on RTL. The tutorial will focus primarily on RTL syntax and how to write formulas.

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RTL - Investor/RT Language

RTL is the Investor/RT Language, a formula language for composing trading signals, custom indicators, and scans. RTL is an end user language, designed to be used by those with little or no programming skills. RTL is used to write a formula. A formula may be a true/false condition, e.g. CLOSE < MA, that determines whether some condition is true or not for each bar (a signal) or the last bar (a scan). A formula may compute an arithmetic result, called a custom indicator. For example: MA ( HIGH - CLOSE ) computes a moving average of how far an instrument closes from its high. As you can see, RTL is more expressive, simpler, and easier to use than other market data languagues.

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