"Momentum, Direction and Divergence" (1995). If you like to learn more,
we advise you to read this book. His book focuses on three key aspects
of trading: momentum, direction and divergence. Blau, who was an electrical
engineer before becoming a trader, thoroughly examines the relationship between
price and momentum in step-by-step examples. From this grounding, he then looks
at the deficiencies in other oscillators and introduces some innovative techniques,
including a fresh twist on Stochastics. On directional issues, he analyzes the
intricacies of and offers a unique approach to help define trending and
This indicator plots Ergotic CSI and smoothed Ergotic CSI to filter out noise.
You can change long to short in the Input Settings
- For purpose educate only
- This script to change bars colors.