VisualVErgodic indicator description and image
VisualVTrader's implementation of the standard ergodic indicator. The colors of the indicator, show based on the previous bar, if the ergodic indicator is moving up or down. When above the zero, it is cyan when moving up and dark cyan when moving down. When below the zero, it is magenta when moving down and dark magenta when moving up.
The arrows drawn on this chart indicate the direction of trade based on the indicator. From the low on this chart, the indicator kept you in the pull back to yield a nice profit. There was a loser immediately after the low, but as you can see, three potential trades as winners and one small loser.
One could trade just this indicator when using our Visual V VBars bar type.