The Derivative Oscillator calculates a double-exponentially smoothed Relative Strength Index (RSI) and subtracts its Simple Moving Average (SMA) to form the main oscillator line. A secondary signal line is plotted using an SMA of the main oscillator values. Th
Indicator · Pine Script v4 · Own pane
COG Multi
This indicator calculates and plots multiple Center of Gravity lines derived from closing prices using different periods of 9, 50, and 200.
GitHub stars4on the repository
Pine versionv4older, still runs
Lines of code16
Settings4inputs
LicenceNone statedfile: MPL-2.0
Last update3 years ago29 Jul 2023
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
16 lines of Pine Script v4 from CoG multi.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © veryfid
//@version=4
study("COG Multi")
length1 = input(9)
length2 = input(50)
length3 = input(200)
smoothing = input(9)
cog1 = rma(cog(close,length1),smoothing)
cog2 = rma(cog(close,length2),smoothing)
sma = sma(cog(close,length2),length3) + 26
plot(cog2 + 26 , color= color.white, linewidth = 3 )
plot(cog1 * 10 + 50.5)
plot(sma, color = color.red)
Overview
The Center of Gravity is smoothed with a factor of 9. Three lines are drawn in a separate pane: one in white with a thick width, one scaled and shifted, and one in red as a smoothed average plus an offset. The primary settings control the lengths and smoothing to customize the indicator's sensitivity and appearance. It serves for trend analysis by showing momentum dynamics but provides no entry or exit signals. There are no exit rules.
- Center of Gravity
- Multiple Periods
- Customizable Lengths
- Line Plots
- Trend Analysis
Details
Published by
kachook on GitHub
Code credit
veryfid, as written in the script's header
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
Oscillators & momentum, Moving averages
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
File
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| length1 | int | 9 | length1 |
| length2 | int | 50 | length2 |
| length3 | int | 200 | length3 |
| smoothing | int | 9 | smoothing |
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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