The Adaptive Stochastic Indicator V1 was created by John Ehlers (Rocket Science For Traders pgs 233-234) and this indicator uses the same calculations to find a cycle period that is then used for both the creation of the stochastic indicator but also for the smoothing to create a double smoothed stochastic indicator. Because it is calculated this way, this...
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...
![AAPL: Ehlers Adaptive Stochastic Indicator V1 [CC]](https://s3.tradingview.com/n/NhB1HRnP_mid.png "Ehlers Adaptive Stochastic Indicator V1 [CC]")
![EURUSD: Adaptive Ergodic Candlestick Oscillator [LazyBear]](https://s3.tradingview.com/v/vWzBujcZ_mid.png "Adaptive Ergodic Candlestick Oscillator [LazyBear]")
