Center Of Gravity
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Firstly attributions for the initial COG code need to go to

//| Original Code from

//| Linuxser 2007 for TSD

For traders who have mastered the art of trading with COG, the Stochastic COG should be no problem to interpret. It appears to lead the On Chart COG as divergence takes place as you would expect.

COG is often misunderstood because it portrays ( like Zig Zag ) a perfect past. Having linear regression logic, the present is often a different story. I personally do not trade with it, but have noticed that it can serve as a very good overall trend channel style indicator.

With the COG, you can know where is the equilibrium point or the market consensus. When the price is far from the COG, the probability to come back to the equilibrium point is strong.