ST, I'm pretty sure that the COG bands is gonna be a repainter. I tried trading by it a few weeks ago and the price just blew on by the top band which, historically was not to be seen on the bars I had loaded in my chart at the time. When I switched timeframes and came back to it, the price stopped at the band.
Have you had success trading by it?
This is the code for the one I'm using which looks very, very similar but there may be some differences which I'm not seeing.
//+------------------------------------------------------------------+
//| Center of Gravity.mq4 |
//| Original Code from NG3110@latchess.com |
//| Linuxser 2007 for TSD http://www.forex-tsd.com/ |
//+------------------------------------------------------------------+
#property copyright "ANG3110@latchess.com"
//---------ang_PR (Din)--------------------
#property indicator_chart_window
#property indicator_buffers 5
#property indicator_color1 RoyalBlue
#property indicator_color2 LimeGreen
#property indicator_color3 LimeGreen
#property indicator_color4 Goldenrod
#property indicator_color5 Goldenrod
//-----------------------------------
extern int bars_back = 240;
extern int m = 4;
extern int i = 0;
extern double kstd = 1.0;
extern int sName = 500;
//-----------------------
double fx[], sqh[], sql[], stdh[], stdl[];
double ai[10,10], b[10], x[10], sx[20];
double sum;
int ip, p, n, f;
double qq, mm, tt;
int ii, jj, kk, ll, nn;
double sq, std;
//*******************************************
int init()
{
IndicatorShortName("Center of Gravity");
SetIndexStyle(0, DRAW_LINE);
SetIndexBuffer(0, fx);
SetIndexBuffer(1, sqh);
SetIndexBuffer(2, sql);
SetIndexBuffer(3, stdh);
SetIndexBuffer(4, stdl);
p = MathRound(bars_back);
nn = m + 1;
ObjectCreate("pr" + sName, 22, 0, Time[p], fx[p]);
ObjectSet("pr" + sName, 14, 159);
return(0);
}
//----------------------------------------------------------
int deinit()
{
ObjectDelete("pr" + sName);
}
//**********************************************************************************************
int start()
{
int mi;
//-------------------------------------------------------------------------------------------
ip = iBarShift(Symbol(), Period(), ObjectGet("pr" + sName, OBJPROP_TIME1));
p = bars_back;
sx[1] = p + 1;
SetIndexDrawBegin(0, Bars - p - 1);
SetIndexDrawBegin(1, Bars - p - 1);
SetIndexDrawBegin(2, Bars - p - 1);
SetIndexDrawBegin(3, Bars - p - 1);
SetIndexDrawBegin(4, Bars - p - 1);
//----------------------sx-------------------------------------------------------------------
for(mi = 1; mi <= nn * 2 - 2; mi++)
{
sum = 0;
for(n = i; n <= i + p; n++)
{
sum += MathPow(n, mi);
}
sx[mi + 1] = sum;
}
//----------------------syx-----------
for(mi = 1; mi <= nn; mi++)
{
sum = 0.00000;
for(n = i; n <= i + p; n++)
{
if(mi == 1)
sum += Close[n];
else
sum += Close[n] * MathPow(n, mi - 1);
}
b[mi] = sum;
}
//===============Matrix=======================================================================================================
for(jj = 1; jj <= nn; jj++)
{
for(ii = 1; ii <= nn; ii++)
{
kk = ii + jj - 1;
ai[ii, jj] = sx[kk];
}
}
//===============Gauss========================================================================================================
for(kk = 1; kk <= nn - 1; kk++)
{
ll = 0; mm = 0;
for(ii = kk; ii <= nn; ii++)
{
if(MathAbs(ai[ii, kk]) > mm)
{
mm = MathAbs(ai[ii, kk]);
ll = ii;
}
}
if(ll == 0)
return(0);
if(ll != kk)
{
for(jj = 1; jj <= nn; jj++)
{
tt = ai[kk, jj];
ai[kk, jj] = ai[ll, jj];
ai[ll, jj] = tt;
}
tt = b[kk]; b[kk] = b[ll]; b[ll] = tt;
}
for(ii = kk + 1; ii <= nn; ii++)
{
qq = ai[ii, kk] / ai[kk, kk];
for(jj = 1; jj <= nn; jj++)
{
if(jj == kk)
ai[ii, jj] = 0;
else
ai[ii, jj] = ai[ii, jj] - qq * ai[kk, jj];
}
b[ii] = b[ii] - qq * b[kk];
}
}
x[nn] = b[nn] / ai[nn, nn];
for(ii = nn - 1; ii >= 1; ii--)
{
tt = 0;
for(jj = 1; jj <= nn - ii; jj++)
{
tt = tt + ai[ii, ii + jj] * x[ii + jj];
x[ii] = (1 / ai[ii, ii]) * (b[ii] - tt);
}
}
//===========================================================================================================================
for(n = i; n <= i + p; n++)
{
sum = 0;
for(kk = 1; kk <= m; kk++)
{
sum += x[kk + 1] * MathPow(n, kk);
}
fx[n] = x[1] + sum;
}
//-----------------------------------Std-----------------------------------------------------------------------------------
sq = 0.0;
for(n = i; n <= i + p; n++)
{
sq += MathPow(Close[n] - fx[n], 2);
}
sq = MathSqrt(sq / (p + 1)) * kstd;
std = iStdDev(NULL, 0, p, MODE_SMA, 0, PRICE_CLOSE, i) * kstd;
for(n = i; n <= i + p; n++)
{
sqh[n] = fx[n] + sq;
sql[n] = fx[n] - sq;
stdh[n] = fx[n] + std;
stdl[n] = fx[n] - std;
}
//-------------------------------------------------------------------------------
ObjectMove("pr" + sName, 0, Time[p], fx[p]);
//----------------------------------------------------------------------------------------------------------------------------
return(0);
}
//==========================================================================================================================
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