The Center of Gravity oscillator works in a similar manner to the stochastic oscillator, but the difference is it just has no overbought and oversold areas. The custom formula of that gauge is given a few lines below.
That indicator is a result of years of studies of adaptive filters by John Ehler and was developed and presented in Stocks & Commodities magazine in 2002. The Center Of Gravity Oscillator produces nearly zero lag readings of the market corrections and turning points (pivot points) with high accuracy. Introduction to the Center Of Gravity Oscillator
