Platforms with an integrated Center of Gravity indi?

Hi,
I've been really successful incorporating a center of gravity indicator into my trading style, however the only company that I can find that has this indicator is intellicharts, which is great and I love it but I was just wondering if there are any other charting platforms that have this indicator built into it's platform? Any help would be appreciated

Thanks,
Erik-

Is this what you are looking for for Metatrader?

Hi,

Can you tell us how you trade with this. Is it similar to the stock with over sold and over bought (20/80)

Thanks

Billser

I can't open those attachements that you put up. I just set up charts on metatrader but coudln't find the gravity? In my intellicharts it looks like this:
CoG1
CoG2

and it's just listed under "gravity".

Hey thanks for those indicators! I figured out how to put them into my metatrader platform and they work awesome! I appreciate the help.

can you tell me how please?

thanx

I played with this and came up with a trade and warning system based on the COG (center of gravity). The instructions are a simple 5 step formula on the bottom of the screen. If you follow it on any currency and 5M or higher time frame it looks very successful. You dont take every arrow or warning but if you follow the COG trend you should do well. I made some color adjustments to the COG and based it on a 12x12 MA warning system. Put the COG and 12x12 Cross MA warning into your indicator folder and the 1. center of gravity in the templates folder. To do that, turn off your MT4, click on My computer, click on local disk C,click on program files, click on your MT4 folder, click on the template folder and place the template there (1. center of gravity), use the back button and go back one folder, click on experts, click on indicators and in this folder put COG and 12x12 Cross MA warning indicators, close the screen. Turn your MT4 on, go to any currency, go to templates and click on 1. center of gravity and it is ready to go. It will play a sound and post a warning to your screen every time a possible setup is ready.

This is a 15M chf/jpy, COG is trending down so you do not take any green arrows. The first red arrow is your best trade, the second the histogram is too low. 3rd red arrow looks good for a trade because the histogram is close to the 0 line. The green arrows are ignored, DO NOT TRADE AGAINST THE TREND EVER.

The blue and yellow lines act as trend lines so you can use trendline analysis for your trades also. Your trade is safe as long as they are below the two MA lines on a sell and above on a buy. If you like scalping use the 5M, if you like day trading 15M or 30M should do. If you like longer trend, multiday trades use the 4H, 1D on up.

The last pic was a 15 M chf/jpy. This one is a GBP/USD 30M The warning system works on any time frame and currency pair. Switching TF will give you different looks and will also set off the alarm, so choose a TF you like and stick with it. You can turn off your sound system or the sound alert if you get tired of the dings when you are in your trades.

To take a trade, the COG is going down so you dont take any green arrows. The two reds in the upper left would be good because you are near the green line COG is trending down. The third red arrow would not be good because the histogram is too high and it is below the white line. The fourth red arrow could be good because the histogram is near the 0 line and it retraced above the white line. If the downtrend continues this could be a good entrance point. The fifth one and the sixth ones would be better but may not yield that many points. Obviously the first two are the best and #6 looks good but you would be cautious because price maybe changing directions. If price stays below the blue line give it a tight stop above the line and sell. Check multiple currencies and take the best trade. Also check your 1H, 4h charts to get the best trend direction.

With the arrow alerts, isn't it true that you will need to wait the next candle to form since an arrow may disappear dependent upon the current candle being completed?

How can you tell that #6 may be changing directions?

How can you tell that #6 may be changing directions?

When highs get higher than the previous highs and the lows are getting higher than the previous lows that is a sign of a direction change. However, this is a Friday pic and the run up could be just profit taking at the end of the week. Monday will tell. So if the price stays below the blue and yellow lines and they cross you have another great entry point.

[quote=et_phonehome_2;2056187]With the arrow alerts, isn't it true that you will need to wait the next candle to form since an arrow may disappear dependent upon the current candle being completed?

The candle has already closed and the MAs have crossed so it wont disappear. If price goes up there would be a new cross and hence a new arrow. The arrows are based on an open and a close of the MA so the arrow cannot be made until the candle is done. Once it is done and the lines have crossed the arrow is then posted. If price goes above and there is a new cross there would then be a new arrow, the old one does not disappear.


In trendline analysis, when price breaks below the trendline (blue, yellow form a rough trend line) you have an example of a trend change.The highs and lows are now below the lines. I have an arrow, I have a MA cross, I am coming out of an overbought area (near the green line) and the Histogram is approaching the 0 line, the COG is heading down on this chart. On a 4H chart I bounced off a resistance line and it has broken a support line. This is more than enough evidence to go with a sell. Trading is getting the odds in your favor and pulling the trigger. With this system your risk is small because if price goes above the lines again (continues the new uptrend) you are out with a small loss. If not you ride the trend.

On the 30M chart GBP/USD at the end of the chart, you can see price has hit near the overbought (green line), is below the blue, yellow line. I have a red arrow and it is near 0 on the histogram. If I place a trade right now for a sell, I could put my stop loss at the top of the red arrow (13 pips away) and go for the ride. If the downtrend continues and it doesnt break the trendline, I get to ride the downtrend some more, if not, my loss is small and I wait for the next entrance point. That is an example of a potential successful trade. However, it is Friday night and I know not to trade at his time. If the setup is still there by the euro open Monday then I would take that trade. But it does show a good setup trade if this was during the week.

i will give it a try. thanks

what has this thread to do with broker discussion????

I think Twee will get around to moving it soon enough.

nanningbob, does the Stoch 5,3,3 serve a purpose other than to display text?

Bob, I realize that your post is around 2 months old, hence you might not read this. But I just wanted to say that I think youy've got a sound method for entering trend pullbacks here:

1. Slope of the white line = direction and strength of major (prevailing) trend.
2. Pullback to green lines indicates short term overbought/oversoldness.
3. Entry at arrow when major trend is looking to resume itself, while histogram near zero line confirms loss of momentum in the pullback.

I've used Bollingers (and/or MTF Stochastics) in an attempt to produce something similar, but the CoG appears to create a much clearer picture of trend, and OB/OS-ness. All of these approaches are variations on Dr Alex Elder's triple screen entry method. We could change the timing (earlier, later) of the entry signals (arrows) by using shorter or longer moving averages, respectively.

I also note that, as a bonus, changes in slope of in the white line denote acceleration/deceleration of the major trend, and that the distance between the green and white lines convey changes in volatility.

Many thanks for sharing,

David

[Edit - Footnote] Just one point - I don't think it's possible to visually back-test this method, since the CoG is a rolling 125-candle window, i.e. the curve shape X bars back on the current chart wouldn't have been the same X periods ago in real-time.

Hi, David.

I requested this thread be moved out of Broker Discussions so it wouldn't just sit and languish.

nanningbob has put together a very nice little system with simple and clearly written rules. In addition to the points you made, I also appreciate the fact the arrows don't repaint.

I'm currently forward testing adhering to rules slightly stricter than what bob outlined. For each of six pairs I'm watching I have a daily chart for confirming overall trend and an M15 for execution. The first thing I check is whether both TFs are trending in the same direction. If not, I move on to the next pair.

If both TFs agree, I just go down the checklist:

1) Price very close, if not touching, the green.
2) OsMA at or very close to 0.
3) MAs crossing and...
4) confirming candle breaking the yellow.
5) Price either breaking or bouncing off horizontal S/R.
6) Candle formations indicating reversal/continuation.

I choose the one pair that most closely complies with the rules and take the trade. Rules 5 and 6 tend to be the tie breakers when all else are near equal. No compliance, no trade.

At the end of this week (no trades on Friday - no open positions over the weekend) I'm in net positive territory. Very promising so far.

Thanks, Opie.

The arrows are the cross of Bob's blue and yellow MAs, hence they don't repaint. But the CoG curve does!

Upon closer examination, I believe the CoG is some kind of polynomial regression fit. Basically the same as the linear regression facilities that are built into MT4, but based on higher order functions, hence the result is a curve rather than a line. Neither of the attachments in post #2 of this thread are the same CoG that Bob is using. Bob has supplied the EX4 only. I eventually tracked down the source code (attached) at forex-tsd.com

The 'kstd' parameter controls the number of standard deviations between the outer lines and the median line.

Notice that if you change the 'bars_back' parameter of the CoG, the curve changes dramatically. Hence IMHO your using confluence across multiple timeframes is sound.

I'm currently developing my own system, and well as coding a series of EAs for a couple of local clients, so I won't have too much time to spend on this. I've tested many variations of indicator-based (MTF stochastic, MTF MA cross, Bollinger, MACD, Heikin-Ashi) pullback systems - they all work much the same in principle, no matter which indicators are used. With Bob's method, I was particularly impressed with the clarity of the visuals and the simplicity of the rules. Having said that, I've moved back into a more trend-S/R-candle pattern approach now, hence I note your points 5 & 6.

Forex-tsd also pointed me to this link where I found a number of MQ4 versions of John Ehlers' work. The underlying math goes way over my head, but I believe that many of these indicators provide much the same result as non-linear MAs, e.g. Jurik, Tillson, Hull, AMA, etc. In other words, less lag, less overshoot, greater smoothness. To what extent any of these concepts lead to more profitable entries, I'm not sure, because all indicators are ultimately derivatives of price, and any indicator can be calibrated to offer an earlier or later entry into a move. Alas, no indicator can tell us (with any real certainty) how long a move is going to last........

Glad to hear that you're making headway with your own variant of Bob's method.
Keep up the great work!

David

The CoG indicator definitely appears to be a best fit polynomial regression curve.

As far as I can tell, the parameter 'm' is the degree of the poly, i.e.
-- m=1 is linear regression (straight line), i.e. operates the same as MT4's built-in linear regression facility
-- m=2 is a second degree ('quadratic'), hence there is only one turning point (bend in the curve)
-- m=3 is a third degree ('cubic'), hence there are two turning points
-- m=4 is a fourth degree ('quartic'), hence there are three turning points
and so on.

The parameter 'i' is the number of bars to shift the curve backward, e.g. to see what the curve would have looked like 20 bars ago, set i=20. In this way, it is possible to perform a visual backtest, decrementing the values of 'i' and 'bars_back' as one steps forward a candle at a time.

The parameter 'bars_back' determines the size of the rolling window (actually, it is the difference between 'bars_back' and 'i').

The parameter 'kstd' is the number of standard deviations that the outer lines are drawn away from the median line.

The parameter 'sName' determines the name for the little red object (dot) that's plotted near the leftmost end of the median line - I'm not sure what this is used for.

The higher the poly dregree (m) and/or the smaller the size of the rolling window, the more responsive the curve is to changes in price.

David

Hi
First of all I’d like to thank all of you about this great and precious 2 pages , I am not sure if you’ll read my reply or not but I found that the COG and the points written here by everyone are very interesting I think what was shared here is what really needed for real traders.

@Nanningbob , thanks you are the reason I knew COG
@ hanover, wonderful trend analysis and I totally agree that the COG is better than the Bollinger
@ opie999, you are a real trader I love your check list and I never enter against the trend and more over I hate Fridays and weekend positions , keep it up

What about me???
I think this is a very risky market and every deal is a big risk whatever was my indicators tell, still I face risk, I used several strategies haven’t make any money so far, but I think am learning and I am sure that what I see now is not what I used to see from 1 year ago in this market , I have been using the Ichimoku and SMA EMA as my strategy but with the COG I think they can become something good and promising.
All we need to use is the COG + Ichimoku only, I love dealing according to S/R (sorry I don’t trust in any oscillator). To make it easy I’ll explain it on the attached pics.

how we can make the deal

After applying all your rules except the ones related to the OsMA
Adding my rule( never take a position till it grants a stop <100 and target >150 )
I take the position on the 1hr or 30Mins charts following the main trend

Ex: EUR/JPY (29-May-2009 -> 5-Jun-2009)

1st position Red circle
On 1hr chart price is in oversold condition Ichimoku cloud shows a clear support area
Buy top of the cloud 134.15 stop loss 133.50 cloud base and target is your green line as usual

134.15 >> 136.33, very safe 200 pip

2nd position yellow circle
On 1hr chart kijun line of Ichimoku act as a support
On 30mins chart Ichimoku cloud shows a good support in an oversold condition , so why not a buy @ kijun line 135.75 (1hr) stop loss 135.50 Bottom Cloud 30mins target is your green line as usual 137

135.75 >> 137, 125 pips risky on 1hr but safe on 30 min, thanks to the great COG

3rd position white circle
If you are aware about the reaction of the price WRT Ichimoku you will know that once the price is inside, the cloud is the range as long as the other conditions allow this. In this position the price was not oversold on the 1hr so I pref to take the buy from the cloud bottom with a 50 pips only as a stop and our usual target the green line
This position on the 30 min was taken from the red line which is supposed to be the max limit and pull back is expected from here
I leave you the last 2 positions so you may work them yourselves.

Ichimoku is a very great indicator and very clear I hope that you may know more about it

At last wishing you all the best and trade safe

I dowloaded files:

http://cloud.forexfactory.com/images/attach/mq4.gif#MTF Center of Gravity.mq4 (3.5 KB, 848 views)

http://cloud.forexfactory.com/images/attach/mq4.gifCenter of Gravity.mq4 (2.2 KB, 746 views)


to my Metatrader (Crogram FilesFXDD - MetaTrader 4expertsindicators)

then launch Metatrader, going to: chart -> template -> Load template -> Center of Gravity.ex4 but I saw nothing in the chart .

What is wrong ?
Anyone can help me ?

Thanks in advance

david