Ergodic Tick-Volume Indicator with Multiple Exponential Averages

Summary

This brief indicator description identifies an Ergodic tick-volume tool built around multiple exponential moving averages and attributed to William Blau. It concerns tick volume, a measure of price updates that can serve as a proxy for trading activity, rather than directly reported traded volume. The document does not explain the calculation, interpretation of signals, or how the indicator should be incorporated into a trading system.

It notes that the implementation depends on a shared smoothing-algorithm library and says the indicator was first implemented in MQL4 before being published in a code base in 2008. There are no charts, tests, or performance claims, so the description alone cannot establish whether its signals are useful or how they behave across markets. Its main practical value is identifying the indicator's general construction and implementation dependency; traders would need fuller documentation and testing before drawing conclusions.

Key ideas

• The indicator applies multiple exponential moving averages to tick-volume data and is attributed to William Blau.
• Tick volume may act as a proxy for trading activity, but the note does not explain signal interpretation.
• The implementation depends on a shared smoothing-algorithm library.
• The document mentions an earlier MQL4 implementation and a 2008 code-base publication, but gives no tests or performance evidence.

Tags

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