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Attachments: What is the best settings for "center of gravity" indicator
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What is the best settings for "center of gravity" indicator

  • Post #1
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  • First Post: Aug 8, 2008 1:41am Aug 8, 2008 1:41am
I am trying to find out on the 5 minute charts. I've had it at 250 bars back and the indicator was moving up. I had this with the moving averages. I bought the euro. Then there was a massive sell off. How can I get a good confirmation of an up trend or down trend? Thanks for your help
COG repaint I would not use it.
Hi sed34,
see http://www.forexfactory.com/showthread.php?t=89714
they use COG wisely.
IMHO
Quoting itangsanjana
Hi sed34,
see http://www.forexfactory.com/showthread.php?t=89714
they use COG wisely.
IMHO
thank for the help
Quoting sed34
I am trying to find out on the 5 minute charts. I've had it at 250 bars back and the indicator was moving up. I had this with the moving averages. I bought the euro. Then there was a massive sell off. How can I get a good confirmation of an up trend or down trend? Thanks for your help

Here is non-repainting version of COG - you can adjust parameters to current market situation on any pair.

Also you can read this http://www.forexfactory.com/t/120034...-system-1.html
Attached File
File Type: mq4 JB_Center_of_Gravity.mq4   6 KB | 6,994 downloads
The JB COG plots a different curve to the COG in this thread. That's because it uses a completely different math formula. The latter is actually a polynomial regression - see my posts (#17, #18) in that thread for more info.

BTW, just because an indicator 're-paints' doesn't mean that it can't be used profitably, or at least operate as a component in a profitable method. All re-painting means is that the value of the current plot X candles ago wouldn't have been the same as it was when that point occurred, in real time. Of course that makes visual backtesting meaningless.

MT4's stardard deviation channel is a good example. The lines will move as more data gets added to the RHS of the chart. But I know of at least one trader who uses the SDC as part of his profitable method.

Pivot levels are another example. If your pivot indicator simply plots today's S1,R1,etc levels right across the chart, then they will be different to those that were plotted yesterday. That is the same principle as 're-painting', i.e. yesterday's plot is no longer viewable, and it would be spurious to use today's levels to visually back-test yesterday. But that doesn't stop some traders from using pivot levels. Exactly the same reasoning applies to Fibo levels and candle high/low based S/R.
Hello, i need a quick help please i only can use the indicator on MT5 for the 1 hour chart i cannot use it for the rest.

What should i do ?

Please advise asap.
Quoting hanover
The JB COG plots a different curve to the COG in this thread. That's because it uses a completely different math formula. The latter is actually a polynomial regression - see my posts (#17, #18) in that thread for more info. BTW, just because an indicator 're-paints' doesn't mean that it can't be used profitably, or at least operate as a component in a profitable method. All re-painting means is that the value of the current plot X candles ago wouldn't have...
This is one good explanation of the term "Re-Paint" ... Now I have totally different perspective ... Thanks Hanover
Quoting sed34
I am trying to find out on the 5 minute charts. I've had it at 250 bars back and the indicator was moving up. I had this with the moving averages. I bought the euro. Then there was a massive sell off. How can I get a good confirmation of an up trend or down trend? Thanks for your help
Can you please share the indicator here (if it is available for free)! I have actually never used this indicator, but I would like to test it in demo!
Bollinger Bands

13 periods
2 standard deviations
In Greed We Trust
Quoting MarketLabs
Bollinger Bands 13 periods 2 standard deviations
I also got good result by using the parameter 13 of BB! Note: I like to use BB in the rangy market in M30 time frame!
Quoting Majeeda
{quote} I also got good result by using the parameter 13 of BB! Note: I like to use BB in the rangy market in M30 time frame!
Well, nice to know your parameters on BB, but can you please mention the pairs name actually? Or you use randomly?
Self-proclaimed, Best Trader in the World, lol, Mustafa Belkhayate, supposedly sells the system he actually uses and it uses COG. I am going by memory, but I think it is 126 periods. The second indicator is a separate window RSI line that changes color according to its slope. His is much fancier and colorful. Have fun.
You cannot be extraordinary by being normal
does any one having this 2 indicators source code... if have can you share here please
Attached Files
File Type: ex4 Ganns_Signal_Shanel_1_V4.ex4   7 KB | 411 downloads
File Type: ex4 Ganns_Signal_Shanel_2_V4.ex4   7 KB | 391 downloads
Success is a Journey Not a Destination....... kind regards ramzam
  • Post #15
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  • Last Post: Jul 27, 2018 7:33am Jul 27, 2018 7:33am
Quoting sed34
I am trying to find out on the 5 minute charts. I've had it at 250 bars back and the indicator was moving up. I had this with the moving averages. I bought the euro. Then there was a massive sell off. How can I get a good confirmation of an up trend or down trend? Thanks for your help
If I get result with a specific parameter, that doesn’t mean it will also work for you! So better, practice with different parameters & collect the best one.
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