Focus - Extensions - MetaTrader 5 Scripts | Trading Script Downloads - MT4/MT5 Resources
The original version of Center of Gravity (as described) is posted here: Center of Gravity - Ehlers. However, as described there, the original version lacked what we could use as a "significant level" (the original version couldn't even use zero).
A computational correction has been added in this version that allows us to treat the zero level as the "significant level". Due to this change, 3 color changing methods have been added to the options:
Depending on how you want to use it (by setting the color change method), you can use that color change as a signal.
Attachment download
📎 center_of_gravity_-_extended.mq5 (11.88 KB)
Source: MQL5 #23305
Focus - Extensions - MetaTrader 5 Scripts | Trading Script Downloads - MT4/MT5 Resource Usage and Screening Suggestions
Focus - Extensions - MetaTrader 5 scripts | Trading script downloads - MT4/MT5 resources are trading script related resources. 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 only on titles or short-term profit descriptions.
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