Repaints Center Of Gravity (COG) Indicator for ThinkorSwim

[Jonas99]

@germanburrito I agree w/ you that Hursts like this one, give the "best" signals which are negated by also giving the worst. As I said to @Ninja Bull, the speed of these type of indicators do provide a heads-up that something might be happening. Analysis of price action and other indicators can then be used to prove veracity and entry and exit points.

I understand the attraction for the speed of repainting indicators for scalpers. I post warnings only when new investors, who may not realize the risk, post a query.

@germanburrito, I have learned a great deal from your contributions to this forum and respect your opinions. Not to hijack, so maybe in a new thread, I would like to hear more about your opinion that every indicator is a repainting indicator to some extent. As a technical analyst, I put STRONG reliance on my SMI, IFT, MACD, RSI, etc, second only to price action. To my knowledge: these and all other non-repainting / non-MTF indicators never repaint after the candle closes (hence being categorized as non-repainting). I would appreciate hearing your discourse on why you think I am wrong.

Sorry Newbie here, what is SMI and IFT?

 

[BenTen]

@Jonas99

 

[petergluis]

I was wondering if anyone had or converted this indicator to TOS? Been looking for something similar to bollinger bands with Fibs built in. Or maybe COG indicator

COG indicator is available in Tradingview. We need to convert it for ThinkorSwim.
https://www.tradingview.com/script/gxHh5lyI-COG-Center-of-Gravity-trading-view-script-free-download/

 

[MerryDay]

COG indicator is available in Tradingview. We need to convert it for ThinkorSwim.
https://www.tradingview.com/script/gxHh5lyI-COG-Center-of-Gravity-trading-view-script-free-download/

The script in the image was already converted:
https://usethinkscript.com/threads/center-of-gravity-cog-indicator-for-thinkorswim.138/#post-14803

 

[petergluis]

The script in the image was already converted:
https://usethinkscript.com/threads/center-of-gravity-cog-indicator-for-thinkorswim.138/#post-14803

Thank you very much for the information. I tested it. They are different. The converted one is Fibonacci Bollinger bands.
I will convert it for ThinkorSwim later when I finish the conversion of Overcloud indicator for ThinkorSwim. It is almost done.

 

[SJP07]

Could this be converted as a lower level indicator, like the RSI?

 

[MerryDay]

Could this be converted as a lower level indicator, like the RSI?

Yes, You can drag it down to a lower chart

 

[priyamani]

Thank you guys for your comments. I am going to share the chart http://tos.mx/2DlkvhN ---I also use the expected move as well as the 50 and 100 regression channels MACD BB. I has proven to be very successful combination.

hopefully you will see the need of a watchlist of the COG crossing VWAP and whether it is up or below VWAP

@Ninja Bull : What timeframe do you use with combination of COG & MACB BB ?