iP aaRG v8a MT4 Indicator

[bjmerkel]

Hey,

This indicator is great for scalping. Could you please convert it to .lua? Thanks!

http://forexarena.blogspot.com/2009/11/ ... cator.html

Brad

[Nikolay.Gekht]

Looks interesting, but the algorithm looks very close to the Belkhayate's Center Of Gravity. I'll check it carefully tomorrow comparing MT4 and Marketscope.

[bjmerkel]

It does look similar. Thanks for making sure if it is. This indicator works great with the cycle Identifier indicator. I love those trend pro indicators!

[Nikolay.Gekht]

Yes, it is exactly Belkhayate's COG with 120 periods.

Look, this is the iP aaRG v8a indicator in MT4 and BELCOG(120) in Marketscope. The gray lines are the lines of iP aaRG v8a. The green line in MT4 is just an open price of the corresponding candles:

Shame on the referenced post (http://forexarena.blogspot.com/2009/11/ ... cator.html) author. He should at least specify the source of his great trading idea. Shouldn't he?

BTW, do you know that BECOG rebuilds completely every time when a new candle appears? This mades backtesting much harder comparing the indicators which do not change their value depending on further candles.