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planetkill
This is the Belkhayate COG (Center of Gravity) indicator. Also known as a polynomial regression channel with 3 std deviations and many other names. I transported this code directly from here.
If anybody has any useful information regarding the usability of the indicator I'd appreciate the feedback. The fact that it repaints takes a lot away from it, but here it is in case someone has use for it!
Submitted by tastudios on NT. I was looking for this indicator and thought it might be useful with Gomi's stuff.
Plots the price at which highest number of contracts or shares were traded at any given time. It is also the maximum point on a volume profile. The PVP resets at the start of every new session.
July 15th, 2010 01:29 PM sbgtrading The authors info is in the indicator code file itself, as a comment.
September 16th, 2009 06:45 AM HJay I recently added this to my range charts. I will let you know how it goes. From what I can see it does a pretty good j
ob at identifying R/S points. Thanks for the effort!
January 29th, 2015 05:45 PM traderx4 Works in Ninja 7 too-Thanks
:-)
December 20th, 2009 02:34 AM cclsys Thanks. I am still hoping someone can find a way to plot the day PVP bar-by-bar. I think this would be extremely helpful
, not so much for live trading but for historical review of methods using current day PVP.
April 4th, 2019 12:40 PM Maxie very helpful, thanks
August 3rd, 2018 05:09 PM Zephyr I'm a HUGE believer in the Polynomial Regression Channel. If it's coded correctly, it's highly predictive for support a
nd resistance. I use 2 of them on my charts. One is longer term (150 - 200 bars for daytrading), and one is short-term
(50 bars). I only use upper and lower lines. I use one at full range for the multiple time frames of swing trading.
The only one I've ever seen coded perfectly and correctly is the one made by Robert Payne at www.funwiththinkscript.com
- made for Thinkorswim.
Thank you very much for this. I will test it shortly.
July 8th, 2018 06:09 AM Ratdog INstant money maker when applied correctly.
May 27th, 2017 01:55 AM romus I am keen to see live results from trading it (about to test on some strategies in NT7) - even though it repaints, but a
s long as highs and lows stay within extremes the results should be as per backtesting.
It certainly is difficult to follow visually.
I am not into NT8 yet - but glad to see this indi is already converted