Level: 2
Background
John F. Ehlers introuced Universal Oscillator in Jan, 2015.
Function
In “Whiter Is Brighter”, in Jan 2015, John Ehlers presented a new indicator he calls the universal oscillator. It is based on his theory that market data resembles pink noise, or as he puts it, “noise with memory.” It could be used to create a short-term trading strategy....
![XAUUSD: [blackcat] L2 Ehlers Universal Oscillator](https://s3.tradingview.com/9/9CkGRaJP_mid.png "[blackcat] L2 Ehlers Universal Oscillator")
