PROTECTED SOURCE SCRIPT
MTF Center of Gravity Grid [checkm8]
Aktualisiert
Hello and welcome to my multi-timeframe center of gravity (COG) grid.
Center of gravity is a zero-lag oscillator created by John Ehlers and to get a better understanding of it, you can read his original works here: mesasoftware.com/papers/TheCGOscillator.pdf
My oscillator features a grid from four timeframes (selected by the user), to show the whether the center of gravity line is above or below its relative EMA. You can use this indicator as a tool to spot potential changes in the trend as they occur. In addition to this, the oscillator displays the COG line, with its relative EMA, on the current timeframe.
By default:
1) The fill between the COG and the EMA will be navy blue when the COG is dominant, and maroon when the EMA is dominant.
2) The grid will show fuchsia-colored blocks when the COG is above its relative EMA on the selected MTF timeframe, and orange when the COG is below the EMA.
If you have any questions, suggestions, or concerns, feel free to reach out.
Happy trading!
Center of gravity is a zero-lag oscillator created by John Ehlers and to get a better understanding of it, you can read his original works here: mesasoftware.com/papers/TheCGOscillator.pdf
My oscillator features a grid from four timeframes (selected by the user), to show the whether the center of gravity line is above or below its relative EMA. You can use this indicator as a tool to spot potential changes in the trend as they occur. In addition to this, the oscillator displays the COG line, with its relative EMA, on the current timeframe.
By default:
1) The fill between the COG and the EMA will be navy blue when the COG is dominant, and maroon when the EMA is dominant.
2) The grid will show fuchsia-colored blocks when the COG is above its relative EMA on the selected MTF timeframe, and orange when the COG is below the EMA.
If you have any questions, suggestions, or concerns, feel free to reach out.
Happy trading!
Versionshinweise
The script has been updated to include an extra setting for "Grid Size". I realized that the grid became very big on small timeframes, and tiny on very large timeframes. I typically only look at 1 hour charts, so it was initially fine, but I realized this may be a nuissance for other people. The "Grid Size" option will allow you to adjust the size of the rows used by the grid. Hope this helps.
If you have any additional ideas or suggestions, please let me know.
Versionshinweise
Updated for snapshot.Versionshinweise
Fix for MTF grid (re: TradingView columns visual update)
Haftungsausschluss
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