LazyBear

Indicator: Custom COG channel

This is my custom channel (Bear Channel!? :)) derived from BB/STARC. It uses both ATR/STDEV for plotting the bounds.

I use COG (Center of Gravity ) for deriving the baseline. This enables it to track the price action better than many other channels that make use of MAs or simply "close". Indicator also marks "squeezes" (stdev bands come inside ATR bands). Pay attention to these, as these usually indicate a move.

I am still exploring this indicator on different BTCUSD time frames, would love to hear your feedback / setups for other instruments.

Code for this indicator: http://pastebin.com/QXBJqAhA


Code for COG fibs I mentioned in the comments: http://pastebin.com/CbxY31at
הסר מסקריפטים מועדפים הוסף לסקריפטים מועדפים
//
// @author LazyBear
//
// This is my custom channel derived from BB/STARC. This uses both ATR/STDEV for plotting the bounds. 
// I use COG for the base line (normally it is SMA/EMA). 
// 
// If you use this code in its original/modified form, do drop me a note. 
//
study("COG Double Channel [LazyBear]", shorttitle="COGChannel_LB", overlay=true)
src = close
length = input(34)
median=0
mult=input(2.5)
offset = input(20)
tr_custom() => 
    x1=high-low
    x2=abs(high-close[1])
    x3=abs(low-close[1])
    max(x1, max(x2,x3))
    
atr_custom(x,y) => 
    sma(x,y)
    
dev = (mult * stdev(src, length))
basis=linreg(src, length, median)
ul = (basis + dev)
ll = (basis - dev)
tr_v = tr_custom()
acustom=(2*atr_custom(tr_v, length))
uls=basis+acustom
lls=basis-acustom

// Plot STDEV channel
plot(basis, linewidth=1, color=navy, style=line, linewidth=1, title="Median")
lb=plot(ul, color=red, linewidth=1, title="BB+", style=dashed)
tb=plot(ll, color=green, linewidth=1, title="BB-", style=dashed)
fill(tb,lb, silver, title="Region fill")

// Plot ATR channel
plot(basis, linewidth=2, color=navy, style=line, linewidth=2, title="Median")
ls=plot(uls, color=red, linewidth=1, title="Starc+", style=circles)
ts=plot(lls, color=green, linewidth=1, title="Star-", style=circles)
fill(ts,tb, green, title="Region fill")
fill(ls,lb, red, title="Region fill")

// Mark SQZ
plot_offs_high=2
plot_offs_low=2 
sqz_f=(uls>ul) and (lls<ll)
b_color=sqz_f ? teal : na
plot(sqz_f ? lls-plot_offs_low : na, color=b_color, style=cross, linewidth=2)
plot(sqz_f ? uls+plot_offs_high : na, color=b_color, style=cross, linewidth=2)
Good day. Where can I get the COG Channel +. The indicator seems to only be working for BTC, when I use it with ALTS it gets stuck. Thanks
השב
I use the Custom COG for all tickers. Works perfectly for my trading style. Excellent work. My portfolio is up well over 600% since Jan. by using your indicator. Can't thank you enough!
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dpanday bluesqueen23
@bluesqueen23, How do you use this then? Did you automate it?
השב
@dpanday, No, I didn't automate it. I use COG to calculate points that the stocks will trade to and bounce off of.
+3 השב
Hi, can i use it for daily chart stock market?
thank you .
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Nextmil TomTom2017
@TomTom2017, No it repaints
השב
Why the median is set to 0? Thanks.
+1 השב
MTF COG SQZ indicator with a function that allows a user to alternate three different time frames would be very helpful. If I see 1w 1d 4h all with Sqz indications I know its going to play out a big price move with a high probability. You can also use 5m 15m and 1h signals for confirming short burst
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LazyBear QuantitativeExhaustion
I do have MTF version of SQZ. Will add it to my to-publish queue.
+1 השב
forexopl LazyBear
Hi LazyBear,

Thanks for this indi, i am changing the offset within the settings, but it is not making any changes ? Could you please advise? Thanks!
השב
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