SMI Ergodic Oscillator
The Ergodic Oscillator (EO) is a double- smoothed True Strength Index (TSI) with a signal line. It acts like a stochastic indicator without the compression often seen with stochastics at extremes. As a result, the Ergodic helps to register long trends in prices.
To apply an Ergodic Oscillator
- From within a chart, from the Edit menu select Studies.
- Choose Ergodic Oscillator and click Add to add the study to the Applied Studies group.
- Complete parameters as necessary.
Once the study is defined, you can elect to uncheck/check to remove and add the study to your chart.
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