Firstly attributions for the initial COG code need to go to
//| Original Code from NG3110@latchess.com
//| Linuxser 2007 for TSD http://www.forex-tsd.com/
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
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.