OPEN-SOURCE SCRIPT

Adaptive Ergodic Candlestick Oscillator [LazyBear]

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This updates Blau's excellent Candlestick oscillator to be adaptive by using the length of a scaled stochastic indicator and an exponent (for calculating the smoothing coefficient) to obtain the moving average.

Check out the options page for configurable variables.

More info on Ergodic Oscillator:
Book: "Momentum, Direction and Divergence" by William Blau

List of my public indicators: bit.ly/1LQaPK8
List of my app-store indicators: blog.tradingview.com/?p=970

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