Blau T3 Ergodic Candlestick Oscillator for Momentum and Trend

Summary

The Blau T3 Ergodic Candlestick Oscillator is a momentum indicator derived from candlestick body size and direction. The document distinguishes it from other momentum measures by stating that it is not affected by price gaps, though it gives no data or tests supporting that comparison.

Two basic reading methods are described: infer trend from whether the indicator lines sit above or below zero, or follow their slope. The indicator also offers additional display styles. No entry or exit rules, parameter settings, market examples, or backtest results are provided, so the material explains how to interpret the oscillator at a high level rather than establishing a complete trading strategy.

Key ideas

• The oscillator uses the size and direction of candlestick bodies to measure momentum.
• Its stated construction is intended to avoid sensitivity to price gaps.
• Position relative to zero can be used to assess trend direction.
• The slope of the indicator lines offers another way to read momentum.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.