This can be a slope indicator for COG (Middle of Gravity) indicator.
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This is what the slope will appear like:
You’ll be able to set the Slope Threshold for indicating Purchase/Promote heightened ranges. Within the above Picture the Threshold is about to 0, due to that every one Bullish slope is Inexperienced and Bearish is Crimson.
Suppose we set Threshold to -10 and 10, then that is what we get:
And likewise set Slope Interval. Default is 5, which suggests it should measure the COG values for previous 5 bars and discover the Slope primarily based on time for previous 5 bars.
It’s also possible to get Alerts when slope modifications. Alerts might be Popups, Push Notifications, E mail or in a File.
Listed below are all of the settings:
Additionally get COG Slope in Buffer values for specified COG bars again.
What slope means:
If slope is pink, it signifies that COG traces are sloping downwards, and worth is in downwards pattern.
So solely commerce promote indicators.
If slope is Inexperienced, it signifies COG traces are sloping upwards and worth is in upwards bullish pattern.
So solely commerce purchase indicators.
Instance COG Technique:
Slope Interval: 5. Slope Threshold: 15,-15
COG Bars again 240. And relaxation are all default values.
Use JB COG Slope if you don’t need it to clean previous bars. And Slope shall be primarily based on what the COG truly appeared like at the moment.
Bullish:
Watch for worth to cross Decrease most band. After which anticipate MA OC Up Arrow.
For robust trades, solely commerce if slope is Inexperienced. For Medium sign: commerce if slope is White or Inexperienced
Bearish:
Watch for worth to cross COG Higher most band. After which anticipate MA OC Down Arrow.
For robust indicators, solely commerce if slope is Crimson. For Medium sign: commerce if slope is White or Crimson
