CenterOfGravityOSMA - MetaTrader 5 Script - MT4/MT5 Resources
This center of gravity JF Ehlers indicator is represented by the colored OSMA histogram. The smooth difference between the main center of gravity line and the signal center of gravity line is used as the source of the histogram.
The indicator uses the СMoving_Average class of the SmoothAlgorithms.mqh library. How to use this class is described in detail in the article "Average price series for intermediate calculations without using additional buffers" .
Figure 1. Center of gravity OSMA indicator
Attachment download
📎centerofgravityosma.mq5 (7.45 KB)
📎 smoothalgorithms.mqh (130.19 KB)
Source: MQL5 #13154
CenterOfGravityOSMA - MetaTrader 5 script usage and screening recommendations
CenterOfGravityOSMA - MetaTrader 5 script is a resource related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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