Ergodic Oscillator from the book Momentum, Direction and Divergence by William Blau, implemented in the form of a color histogram with a signal line implemented as a colored cloud.
The indicator uses SmoothAlgorithms.mqh library classes (must be copied to the terminal_data_folder\MQL5\Include). The use of the classes was thoroughly described in the article “Averaging Price Series for Intermediate Calculations Without Using Additional Buffers”.
Figure 1. Indicator BlauErgodic
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