When a new bar is occurred, the indicator defines points to draw trend lines and, if the coordinates of points are changed, it redraws the lines. When determining the points, the current bar is ignored. Support line is drawn on low, resistance line is drawn on high. There are two points of determining in the indicator. Both types are described below on the example of the support line.
Center of Gravity actually has a zero lag and allows to define turning points precisely. This indicator is the result of Ehler's study of adaptive filters.
The indicator Center of Gravity allows to identify main pivot points almost without any lag.
The idea of calculating a center of gravity appeared from the investigation of lags of different filters with the finite impulse response (FIR) in accordance with the relative amplitude of filter coefficients. SMA (Simple Moving Average) is a FIR-filter, in which all coefficients have one and the same value. As a result the center of gravity of SMA is an exact center of the filter. WMA (Weighted Moving Average) is a FIR-filter, in which the last price change is weighted through the filter length, and so on.
The values of weighting are coefficients of filters. Coefficients of WMA filters can be presented as contours of a triangle. The center of gravity is on the 1/3 of the triangle base length. Thus WMA gravity center is shifted to the right with respect to the c
The indicator Center of Gravity allows to identify main pivot points almost without any lag.
The idea of calculating a center of gravity appeared from the investigation of lags of different filters with the finite impulse response (FIR) in accordance with the relative amplitude of filter coefficients. SMA (Simple Moving Average) is a FIR-filter, in which all coefficients have one and the same value. As a result the center of gravity of SMA is an exact center of the filter. WMA (Weighted Moving Average) is a FIR-filter, in which the last price change is weighted through the filter length, and so on.
The values of weighting are coefficients of filters. Coefficients of WMA filters can be presented as contours of a triangle. The center of gravity is on the 1/3 of the triangle base length. Thus WMA gravity center is shifted to the right with respect to the c
T3 indicator that is using floating levels as an aid to determine the trend transformed to be an oscillator instead of being displayed on chart
Since the indicator is an offsping of T3 floating levels indicator, major part of the description is the same and is going to be repeated here too (in order to avoid seeking for the other indicator)
Since the indicator is an offsping of T3 floating levels indicator, major part of the description is the same and is going to be repeated here too (in order to avoid seeking for the other indicator)
The indicator panel displays the main statistical parameters of the trade for the current account calculated based on the trade history. Recalculation of these parameters is initiated at the panel start and by the OnTrade() event automatically. The "Calculate" button is provided for the forced recalculation.
This technical indicator shows М & W Wave Patterns by Merrill and support/resistance levels drawn at extreme points of the standard ZigZag indicator. A. Merrill classified five-pointed shapes based on the order of the points from top to bottom, and created an orderly classification model M & W Waves.
Dear Clients,
FxCash Gives Away iPhone 12 (128gb)!
Participate in the "New Year’s Tale" contest from FxCash!
For the period from December 15, 2020 till January 31, 2021 score the best FxPoints and and you'll guarantee yourself a new Apple iPhone 12 (128gb). For each $10 credited to your account, you automatically get one FX point: http://iphone-12-2021.fxcash.ml
FxCash Gives Away iPhone 12 (128gb)!
Participate in the "New Year’s Tale" contest from FxCash!
For the period from December 15, 2020 till January 31, 2021 score the best FxPoints and and you'll guarantee yourself a new Apple iPhone 12 (128gb). For each $10 credited to your account, you automatically get one FX point: http://iphone-12-2021.fxcash.ml
For the fans of ZigZag: a small indicator that draws multiple ZigZags from different timeframes on one timeframe. Four ZigZags are implemented (H1, H4, D1, W1). The timeframe should be selected as the minimal of the displayed ones, i.e. here it is H1. On all other timeframes it is drawn incorrectly, there are no timeframe checks.
The indicator shows:
impulse waves (bold sloping lines);
corrective waves (thins sloping lines);
upward wave series (blue color);
downward wave series (purple color);
wave series length (the numbers near the Zig Zag vertices);
wave series breakthrough levels (short green and red lines);
targets for Take Profit (the Fibonacci grid from the start of the wave series)
impulse waves (bold sloping lines);
corrective waves (thins sloping lines);
upward wave series (blue color);
downward wave series (purple color);
wave series length (the numbers near the Zig Zag vertices);
wave series breakthrough levels (short green and red lines);
targets for Take Profit (the Fibonacci grid from the start of the wave series)