The concept is interesting, no doubt. But, because the indicator repaints, you may develop a trading system based on it, but that cannot be backtested effectively, only forward testing can give true results (demo or real).
And if there's a non-repainting version of it, it is definitely not going to be the same, as the original indicator "is supposed" to repaint based on last n number of bars to show the latest center of gravity for those bars.
But, even the repainting version, can be used as a guidance of direction, for any trades you are willing to initiate using other indicators/techniques.
And if there's a non-repainting version of it, it is definitely not going to be the same, as the original indicator "is supposed" to repaint based on last n number of bars to show the latest center of gravity for those bars.
But, even the repainting version, can be used as a guidance of direction, for any trades you are willing to initiate using other indicators/techniques.