ergodic

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 setup with a period of 5.

SMI Ergodic Indicator

Trading Ergodics with the Trend - Rules

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