Simple's Green Room

[pennies2007]

I can see a lot of variations that are useful on the COG setup. One of the things I also noticed is the ratio between a long term COG and a short term COG. Basically, you can really sample any ratio of candles for the long term COG that you prefer. 100, 200, 1000...whatever you like. So when you decide to place a short term COG on top of it for reference, just divide it by 4. So you get a factor of 4X (Forex)...LOL!

It's really the same idea behind what a lot of pro traders talk about...if you trade a 15 minute chart, keep an eye on the chart level 4 times above that, which would be the hourly.

I've found the 4:1 ratio to be pretty good overall with this setup...but as you said, there's always room for improvements. I noticed the guys on the board this indicator came from also use a set of moving averages to confirm movements inside the COG. Might be something to check out.