Popular tags: Support, Resistance, Trend, Range, Fibonacci, Wave, Divergence, Multi time frames(MTF), Swing, Volume, Overbought, Oversold
 


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Center Of Gravity (COG) and Timing indicator Advanced edition (Thinkorswim)

Center Of Gravity (COG) and Timing indicator Advanced edition (Thinkorswim)
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Price: $299.00USD $129.00USD
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The price includes Center Of Gravity (COG) indicator, SCAN, screener Bundle for Thinkorswim TOS

Please note that it may not work on Tick and Range type chart, it only works on Time based chart.

Center Of Gravity (COG) Advanced edition (Thinkorswim) comes with two additional center lines, they can be used as Fast and Slow signal lines to help traders view longer and shorter trend. All three center lines are adjustable, as simple as three MA.

Timing indicator Advanced edition has an "all in one" option, by selecting "yes", it will only plot one line instead of four lines.

Center Of Gravity is based on the cycle work of Hurst; they are Hurst bands. Hurst’s theory was all that instruments move in a cycle and this cycle will show up in highs and lows. Prices tend to regress toward the mean, which is represented by the blue center-line. The band above and below the center-line represent the sigmas of the actual data points from the mean center-line.

Please note that this indicator repaints slightly.
 

The center lines are used to measure the center of price range within a given period, and three channels (bands) represent different support and resistance levels. 
 
  • Red zone is overbought.
  • Green zone is oversold.
  • Gray zones are buffer zone.
  • Area between the two Gray zone is a neutral zone.
  • Outside Red and Green zone is extreme zone.

Inputs:
  1. Price: the price data used to calculate the COG.
  2. Center Line:  number of bars used to calculate the COG bands and the center line.
  3. Center Line2:  number of bars used calculate to the 2nd center line, does not affect any band.
  4. Center Line3:  number of bars used calculate to the 3rd center line, does not affect any band.
  5. Width: used to adjust the width of COG.
The default setting is working very well for most cases.
 
Normally, if the indicator doesn't fit your ticker very well, you only need to adjust the 2nd input (Center Line) 
and last input (width).
acog_settiming acog1 20150208210130 (1)20150208210130 (4)20150208210130 (3)


How to use this indicator to identify a reversal:

The timing indicator works as an oscillator which is one step ahead of the COG.
You will see the value of timing indicator is in the overbought or oversold zone before price hit COG's red or green zone.
The difference is only a couple of bars, but sometimes COG and timing are synchronized.

A reversal can be confirmed when both timing indicator and COG are in the overbought or oversold zone.

Please check the following images as examples.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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