via forex-tsd.com
This would be a William Blau ergodic divergence indicator ... In his book he does not have an explicit definition of "ergodic" version of divergence indicator (which he also calls a "numerator of TSI" (trend strength index)), but if we apply the logic of how he "converts" a simple indicator to an ergodic version this would be it. In this one alerts are already included (2 kinds of alerts : zero line crosses and signal line crosses).
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http://www.forex-tsd.com/indicators-metatrader-4/412-looking-ergodic-indicato...
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