one attempt found previously
Here is what I have dug up here so far at TSD
Thread dedicated to Jim Sloman's "Ocean Theory" indicators can be found here : https://www.mql5.com/en/forum/179737
Any docs about Ocean theory?
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Saw this on another message board and thought maybe some coders would want to take a stab at it. I'm sure everyone here is familiar with the first famous system Sloman came up with, Delta Phenomenon. It would be cool to take a look at this indicator in action.
According to OP: OceanIndex(N) is just the natural log of (Rate_Of_Change(N)), divided by sqrt(N). See picture:
http://img80.imageshack.us/img80/664/oceanaob0.jpg