Center of Gravity (Ehlers) - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
As John Ehlers describes:
The Center of Gravity indicator is calculated exactly as described (including trigger lines, which are used in the same way as in the original description). The only deviation is that you can choose the price (whereas in the original description only the median price was used).
You can use color changes as signals. CoG cannot be bound to certain levels, so trying to add some fixed levels to it won't yield meaningful results.
Attachment download
📎 center_of_gravity.mq5 (10.5 KB)
Source: MQL5 #23302
Center of Gravity (Ehlers) - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Center of gravity (Ehlers) - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator 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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