Center of Gravity Channel with Deviation and True Range Bands

Summary

The document describes a Center of Gravity Channel indicator that plots two bands around a central line: a deviation channel and a true range channel. When the bands narrow and intersect, the indicator marks the Center of Gravity line, highlighting a possible change in market conditions or a point of interest for analysis.

Its configurable inputs are the calculation period, applied price, deviation multiplier, and average true range multiplier. The description explains the indicator’s construction at a high level but does not specify exact formulas, signal rules, or how marks should be traded. It supplies no chart examples, testing, or performance evidence, so the indicator’s usefulness as an entry or exit signal remains unestablished. The page also includes app promotion and attribution to a translated source, which do not add trading guidance.

Key ideas

• The indicator plots a deviation channel and a true range channel around a Center of Gravity line.
• It marks the center line when the two channels narrow and intersect.
• The inputs control the lookback period, price series, deviation weighting, and true range weighting.
• The description gives no explicit trade rules or evidence that the marks predict profitable outcomes.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.