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Supreme Being
Group: Forum Members
Last Login: 1/23/2012 9:34:43 AM
Posts: 237,
Visits: 482
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I'd love to see the center of gravity indicator, I've been drawing trendlines that work just like it and finally found an MT4 indicator that works really well.
Here's the screenshot:
Basically trade with direction at outermost arc. Its like a shifted MA. Well the screenshot will explain it
Happy Pipping!
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Supreme Being
Group: Forum Members
Last Login: 1/27/2012 12:53:25 PM
Posts: 201,
Visits: 295
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Hi, GregorAnton!
Have you seen that Center of gravity indicator had been added to the Code Library!
I wish to try your strategy that is based on this indicator on ActFx (I mentioned that you have this strategy but on MT4).
Thanks a lot.
Best regards!
Best regards!
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Supreme Being
Group: Forum Members
Last Login: 1/23/2012 9:34:43 AM
Posts: 237,
Visits: 482
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Cool. I saw it there. Too bad ActFx crashes so much and uses up so much memory  I've been using MT4 for the last couple weeks now.
COG Rules
Trade in the direction of the indicator.
Only Sell when COG Pointing down.
Sell at the very top of COG. Close at very bottom.
Only Buy when COG Points Up.
Buy at the very bottom of the COG. Close at very top.
Keep in mind that this indicator repaints. So it doesn't hurt to confirm your entry by checking the COG direction in a higher timeframe, adding another indicator like Stochastics or MACD.
Of course you'll want to look out for the usual noise like news, market open/close, psychological levels, etc.
Happy Pipping!
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