COG stands for Center Of Gravity and 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, this indicator will repaint as it does on other platforms.
If you want something similar but never repaints, please check our True Center Band (TCB) indicator Ver.2 for NinjaTrader.
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