KT Center of Gravity Indicator 
MT4/MT5

Calculation of COG

The COG indicator is consist of the two lines. The main line is based on the following formula
COG Line:  -Sum(Time Series[i] * (i + 1)) / Sum(Time Series[i])
Signal Line: A moving average plotted on the COG line.  

A buy signal is generated when the COG line cross above the signal line and a sell signal is generated when the COG line cross below the signal line. 

Please note that the COG is a leading indicator. For a profitable trading, each crossover cannot be used as the buy/sell signal. There is a need for adaptive filtration before this oscillator can be used for practical trading. 

Advanced Filtration

Our adaptive filtration algorithm combines the original COG formula with the major trend direction and market acceleration/deceleration. The end result of such combination is that we get a smooth leading indicator in which the crossover can be used as the buy/sell signals.

Features

• Very good for the scalping on smaller time frames such as M1, M5 etc.
• Catches reversal points earlier with the minimum lag.
• Buy/Sell dots at each crossover for signal generation.
• Performance analysis metrics such as Win/Loss, Success rate, Avg. Profit etc.
• Can be combined and used as a filter with other indicators

Input Parameters

• COG Period: The period used for the calculation of main COG line.
• Smoothing Period: The period used for the calculation of signal line. 
• Smart Filtration: Set the smart filtration true or false for the crossover signals.
• Performance Analysis: Set the performance analysis true or false.
• Draw Signal Dots: You can turn on/off the dots drawn at each crossover. Don't worry, even if you choose to not draw the signal dots, you'll still receive the alert for each crossover.