William Blau’s Ergodic MACD as a Color Histogram

Summary

This brief description identifies a MetaTrader indicator implementing William Blau’s Ergodic MACD Oscillator from his book on momentum, direction, and divergence. The indicator presents the oscillator as a color histogram, giving a visual form for examining its values. The document does not explain how the oscillator is calculated, how histogram colors map to signals, or what rules a trader should use to interpret it.

The entry mainly documents implementation context: it depends on the SmoothAlgorithms library classes, which must be available in the terminal’s include folder. It points readers to a separate article for background on the library’s intermediate averaging methods. No markets, timeframes, parameter choices, examples, or performance evidence are included, so the text supports recognition of the indicator and its dependency but not conclusions about its effectiveness as a trading method.

Key ideas

• The indicator implements William Blau’s Ergodic MACD Oscillator as a color histogram.
• The source concept is associated with analysis of momentum, direction, and divergence.
• The implementation depends on the SmoothAlgorithms library classes.
• The description does not explain color interpretation, trading rules, parameters, or performance.

Tags

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