This indicator calculates John Ehlers' Center of Gravity oscillator, which measures the balance point of price over a lookback window to identify cycle turning points with low lag.
Center of Gravity (CG) computes a weighted price distribution ratio normalized around a zero center line and plots the resulting series in a separate pane. Primary inputs allow traders to configure the lookback period and source price. It serves as a visual tool for identifying cyclical oscillations but does not include explicit trading alerts.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Length
int
10
i_length
Source
source
close
i_source
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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