Ergodic Oscillator
The “Ergodic Oscillator” is a technical indicator that aims to identify trend reversals or direction. Creating an Amibroker AFL script for this indicator would involve programming calculations based on the Ergodic Oscillator formula to generate signals based on its oscillatory behavior.
/_SECTION_BEGIN("Ergodic Oscillator");
/*Ergodic Oscillator */
/*Coded by Prakash Shenoi */
x=Param(" Average 1",11,2,32);
y=Param(" Average 2",4,3,12);
erg=(EMA(EMA(C-O,x),y)/EMA(EMA(H-L,x),y))*100;
Sg=EMA(erg,5);
Plot (erg,"Ergodic Oscillator ",styleLine,1);
Plot (Sg,"Signal",colorRed,styleLine,1);
GraphXSpace=3;
_SECTION_END();