The Center Of Gravity Oscillator by John F. Ehlers
Here’s an indicator that identifies every major turning
point without much lag.
This new oscillator is unique in that it is
smoothed and has essentially zero lag. The
smoothing enables clear identification of
turning points, and the zero lag aspect
means action can be taken early in the
move. This oscillator is the serendipitous result of
my research into adaptive filters. While the filters
have not yet produced the results I am seeking, this
oscillator has substantial advantages over conventional
oscillators used in technical analysis.