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Center of Gravity Indicator: Zero-Level and Color Signals

Article MQL5 code base
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Summary

This description presents an extended version of the Center of Gravity indicator, based on an earlier Ehlers version. It says the original calculation does not provide useful significant levels, including a usable zero level, and that the extended calculation corrects this limitation so zero can serve as a reference.

The modified indicator offers three ways to change its color: when the signal and trigger lines cross, when the indicator crosses zero, or when its slope changes. The default is the signal-trigger crossover, and users may interpret the selected color change as a signal. The text does not specify the formula, parameters, market or timeframe, or any testing results. It therefore explains configurable signal conditions but does not establish that any setting predicts prices or performs reliably.

Key ideas

  • The extended calculation makes the zero level usable as a significant reference.
  • Color changes can mark a signal-trigger crossover, zero crossing, or slope change.
  • The signal-trigger crossover is the default color-change method.
  • The description provides no formula details or evidence of predictive performance.

Tags

Technical indicatorsMomentumMean reversion

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