This is the Center of Gravity (COG) for Prorealtime.
The Center of Gravity is an oscillator. Stock prices or indices pivot around a center, hence the indicator’s name – center of gravity.
When you load two of the Center of Gravity indicator (COG) to the chart with different setting.
one for short term, another for longer term, you will find out how they interact with each other.
I call it Double Center of Gravity (DCOG), it gives you a more clear view of the trend.
You can also adjust the width of the band (channel) and the period (length, the number of bars used to calculate) to make your own DCOG system that fits your need better.
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