What is the best settings for "center of gravity" indicator | Forex Factory

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

  • #1
  • First Post: Aug 8, 2008 12:41am Aug 8, 2008 12:41am
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
  • #2
  • Aug 8, 2008 5:42am Aug 8, 2008 5:42am
COG repaint I would not use it.
  • #3
  • Aug 8, 2008 7:25am Aug 8, 2008 7:25am
Hi sed34,
see http://www.forexfactory.com/showthread.php?t=89714
they use COG wisely.
IMHO
  • #4
  • Aug 8, 2008 4:30pm Aug 8, 2008 4:30pm
Quoting itangsanjana
Hi sed34,
see http://www.forexfactory.com/showthread.php?t=89714
they use COG wisely.
IMHO
thank for the help
  • #5
  • Aug 8, 2009 11:43am Aug 8, 2009 11:43am
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(s)
File Type: mq4 JB_Center_of_Gravity.mq4   6 KB | 7,737 downloads
  • #6
  • Aug 10, 2009 3:20am Aug 10, 2009 3:20am
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.
  • #7
  • Dec 1, 2014 8:41am Dec 1, 2014 8:41am
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.
  • #8
  • Dec 2, 2015 10:48am Dec 2, 2015 10:48am
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
  • #9
  • Jan 11, 2018 5:47am Jan 11, 2018 5:47am
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!
  • #10
  • Jan 14, 2018 12:27am Jan 14, 2018 12:27am
Bollinger Bands

13 periods
2 standard deviations
In Greed We Trust
  • #11
  • Jan 22, 2018 8:30am Jan 22, 2018 8:30am
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!
  • #12
  • Jul 22, 2018 6:00am Jul 22, 2018 6:00am
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?
  • #13
  • Jul 22, 2018 4:44pm Jul 22, 2018 4:44pm
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
  • #14
  • Jul 26, 2018 7:44am Jul 26, 2018 7:44am
does any one having this 2 indicators source code... if have can you share here please
Attached File(s)
File Type: ex4 Ganns_Signal_Shanel_1_V4.ex4   7 KB | 829 downloads
File Type: ex4 Ganns_Signal_Shanel_2_V4.ex4   7 KB | 811 downloads
Success is a Journey Not a Destination....... kind regards ramzam
  • #15
  • Last Post: Jul 27, 2018 6:33am Jul 27, 2018 6:33am
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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