COG stands for Center Of Gravity and is based on the cycle work of
Hurst; they are Hurst bands. Hurst’s theory was all that instruments
move in a cycle and this cycle will show up in highs and lows. Prices
tend to regress toward the mean, which is represented by the blue
center-line. The band above and below the center-line represent the
sigmas of the actual data points from the mean center-line.
Get it here: http://www.patternsmart.com/cart/index.php?route=product/product&product_id=255&search=COG
Please note this indicator will repaint as it does on other platforms.
If you want something similar but never repaints please check our
True Center Band (TCB) indicator Ver.2 for NinjaTrader.
No comments:
Post a Comment