Center of Gravity BF 🚀

30 Sep 2019

Thanks to HPotter for the code I based this strategy on.

Center of Gravity calculation is based here on a linear regression function using the least squares method.

We use this to calculate a channel consisting of 2 lines, green and red on the chart

This strategy employs a dynamic stop loss function that measures stop loss placement based on recent ATR.

How signals are generated:

• Price closes above green line = Go Long
  
• Price closes below red line = Go Short
  
• Yellow dotted line = stop loss based on long entry
  
• Orange dotted line = stop loss based on short entry
  

INSTRUCTIONS
Green background = Go Long, put your stop loss at the yellow dotted line
Red background = Go Short, put your stop loss at the orange dotted line

NB: The stop losses printed on the chart are calculated from the point of entry on a trade, if you make a different entry to what is indicated, the corresponding stop loss will be different to what the indicator displays.