// Downloaded From https://www.WiseStockTrader.com
/*Ergodic Oscillator;*/;

r1=8;
r2=4;

ergodic = MA ( MA ( ROC(Close, 1), r1), r2) /  MA (  MA ( abs(ROC(Close, 1)), r1) , r2);

Plot(ergodic, "ERG", colorBlue, styleLine);