Ergodic

[Javier]

ECO2new

Hi eDanny:
I use your ECO2new in my charts and find it very useful, but often, not all the time, the ECO line does not change color from green to violet or vice versa as prices change from raising to falling or the other way around.

This odd behavior is corrected when pressing refresh (F5 key). I have other indicators on the same charts that plot correctly while that is happening..

I wonder if someone else is experiencing the same behavior or if you know a way to correct it.

Thank you for this indicator it is very good aid.

Javier

[eDanny]

I can't take the credit for these indicators. I just spruced the ECO2 up a bit. I have the same ECO main line behavior but a look at the code shows it should work right.

[Chartsky]

Thanks for all your work Zoltran . . . I've really missed the Ergodic coming to Ninja from another charting program. Glad to now have it again.

[vast524]

Thankyou to all for the work on this indicator.
I am wondering how this indicator works. I looked in the indicator editor and saw that it uses: open, close, high and low.
Is this based on the regular trading hours or only so many candles before?
If it was the first way which I believe it isn't I guess it would need session times to function correctly.
Thanks once again
Regards
A

[zoltran]

OHLC refers to the current bar.
It doesn't use or know about the session start times.

In fact, the ECO indicator only knows about the current prior bar.. which is why it's not affected so much by gaps.

Mr Blaus book explains the background behind them

[vast524]

Thank you for your explanation Zoltran.
I am wondering if you are able to help with a little problem I have.
I have x2 machines that are running Ninja. There are times when the graph lines drawn by Eco are different on both machines. Both are running Zenfire, with the same version of Ninja and the same version of Eco. They are set up the same way and are running 1 min charts. I am using them on the ES and TF charts.
Any help would be appreciated to explain why there are differences please.
Regards

[eDanny]

This will probably be the last enhancement I will make to the ECO2 indicator. Just made a quick change to allow switching between the standard histogram, one color above zeroline and another below, and a histogram with colored bars for rising or falling main line.

[bluejay]

eDanny
ECO2 does not plot anything, whereas Zoltran's does.
Any hint ?
many thx
Chris

[eDanny]

[quote=bluejay;65583]eDanny
ECO2 does not plot anything, whereas Zoltran's does.
Any hint ?
many thx
Chris[/quote]

OK, I had exported with the new name ECO2new and posted that file. I just applied my ECO2new to a chart and it works. Thinking the export may be corrupt I deleted the indicator and imported fresh and it still plots. Either you are doing something wrong or something happened to the file during the upload to the forums. Try deleting the indicator and re-importing it.

[eDanny]

There have been requests for the histogram to change color in the Ergodic indicator if the Main line rises or falls. After getting a PM about it I made the change so it works like the ECO2 histogram now, user selectable. This will overwrite the last update since the indicator is still called ErgodicNew.

[bluejay]

[quote=eDanny;65611]OK, I had exported with the new name ECO2new and posted that file. I just applied my ECO2new to a chart and it works. Thinking the export may be corrupt I deleted the indicator and imported fresh and it still plots. Either you are doing something wrong or something happened to the file during the upload to the forums. Try deleting the indicator and re-importing it.[/quote]


Thanks eDanny. I found out that setting the parameter "show text" to false makes the indicator plot OK. Can't figure out the reason why, though.

many thx again
chris

[bluejay]

[quote=bluejay;66964]Thanks eDanny. I found out that setting the parameter "show text" to false makes the indicator plot OK. Can't figure out the reason why, though.

many thx again
chris[/quote]


OK found the problem, I did not have the Arial font installed.
Fixed now
Chris

[ctrlbrk]

Hello zoltran and eDanny.

First, an absolute THANK YOU for the hard work on this indicator. If you read my blog, you already know it has become an integral part of my discretionary trading. I talk about it often and have high praise for it.

I have a couple of questions I've been unable to reliably answer for myself so far. I will upload a pic of one of the charts I used for today's blog post so you can see my ECO2 settings on my chart (you can ignore the rest).

edit: was too big for forum, arrggghh, so [URL="http://i43.tinypic.com/10n9wnn.png"]click here[/URL] for the picture

1) Sometimes the main line can be falling, yet still be green. What is the significance of this? Does it mean that the EMA is falling but the Close was higher than the previous bar?

2) Sometimes I swear the ECO2 repaints the last bar (for instance, it was purple but is now green, 1 bar later). I have yet to put my finger on this, if I am just noticing the intrabar updates (I do have calculateonbarclose = false) and not paying enough attention, or if it truly is repainting the last bar. Can you confirm if it repaints, or not?

Thank you.

Mike

[zoltran]

Hi Mike

I think I see the problem .... And I bet it does repaint.

As you may know, you have to use two plots to display a color change, one for each color. There's a problem in the logic that changes color ...
I remember doing this because I kept getting blank spots in the line when it changed direction.

I think that Values[3][COLOR="Red"][1] [/COLOR]= eco[1]; line will repaint the bar...

My bad

I'm heading out for a short vacation .. Don't think I'll be able to fix this until later next week

[CODE]
if (eco[0]>eco[1]) // Plot green bars for rising eco, red for falling
{
if (eco[1]<eco[2]) Values[3][1] = eco[1]; // connect prior secgment Paint falling eco if (CurrentBar > Slow+Fast+SignalLen)
Values[3].Set(eco[0]); // Paint Rising ECO2 Line
}
else
{
if (eco[1]> eco[2]) Values[4][1]= eco[1]; // connect prior secgment Paint rising eco
Values[4].Set(eco[0]); // Paint falling eco
}[/CODE]

[zoltran]

Mike .. I'm not sure I can fix this...
It's the same technique that's used by the 'samplemulticolorplot' example.

But .. you can change the 'histogram-type' variable to true and I think the bar color will acurately reflect the direction.