Centre of Gravity Oscillator

CG (Center of Gravity) Oscillator is a VertexFX VTL Indicator useful to detect the balance of market, when market deviates from this balance it can be AN important turning point CG Oscillator has two parts, the CG indicator (Blue) and Trigger (Red).

To calculate the CG part, Verdo CG computes the numerator and denominators. The numerator is the entirety of the result of the candle position and the price, and the denominator is the sum of the prices. At that point, the CG is only the negative proportion of the numerator to the denominator. A zero counter value for CG is built up by including half observation window in addition to 1. Since the CG is smoothed, a viable crossover signal is created basically by deferring the CG by one bar. The Trigger is proportionate to the CG oscillator segment with a lag of 1 candle.

BUY – Place Buy when blue line crosses above red line. It is preferred that both the red and blue lines are below zero level.
SELL – Place Sell when blue line crosses below the red line. It is preferred that both the red and blue lines are above the zero level.

Usage

• Download the attachment.
• Copy it to your company VertexFX  Local VTL Files folder i.e. C:Program FilesCompany Namevtl10Local VTL Scripts
• Restart your Client Terminal or Right Click on “Local VTL Scripts” Tree Node to find the script.