Hi:

The following Indicator was produced to screen stocks that where experiencing a bottom turning point. The Center of Gravity Indicator is a heavily front weighted moving avg. Center of Gravity actually has very little lag and allows you to detect turning points precisely. I wanted to utilize this indicator in a scanner to find good entry prospects.

Can anyone suggest why I am not returning any results form this indicator?

Any improvement suggestions will be greatly appreciated.

Thanks, Michael

{Center of Gravity Turning Point}
VARS:COG(0),COGTP(2),VOLTP(2);

COG = 1*(

+ (256 * C[0])
+ (128 * C[1])
+ (64 * C[2])
+ (32 * C[3])
+ (16 * C[4])
+ (8 * C[5])
+ (4 * C[6])
+ (2 * C[7])
+ (1 * C[8])

)/(

+ (C[0])
+ (C[1])
+ (C[2])
+ (C[3])
+ (C[4])
+ (C[5])
+ (C[6])
+ (C[7])
+ (C[8])

);

If COG[0] > COG[1] AND COG[1] < COG[2] AND COG[2] < COG[3] AND COG[4] < COG[5]
Then COGTP= 1 ELSE COGTP = 2;

If V[0] > (V[1] + V[2] + V[3]/3)
Then VOLTP = 1 ELSE VOLTP =2;

Plot1 (COG,"COG-C");
Plot2 (COGTP,"TP");
Plot3 (VOLTP, "VOLTP")

SwingStockTrader,

what are the scan conditions you are checking for?

Regards,
ABCTG

Thanks ABCTG:

Scan conditions are:

COGTP= 1 And / Or VOLTP = 1

This should indicate that closing price as indicated by COG has encountered a bottom yesterday and has turned up today.

Vol today is greater than avg vol for the last 3 days.

From within the scanner window I am entering the COG-TP Indicator as a condition and checking to see if it equals 1.

Michael

Michael,

make sure you load additional data under the scan criteria. As the indicator needs at least 8 bars to compute the values.


Without the additional data I don't get results either, but with it I do.

Regards,
ABCTG

That was it. I would have never thought of it.

Thanks, Michael