Center of Gravity forex mt4 indicator for accurate forex trading. Center of Gravity Forex mt4 indicator shortly we say COG actually brief us about the overbought and oversold situation of the current market on your chart. You can use it in any timeframe but 15 mins or higher works best for trading. Currency, Index’s or commodities you can use it on any instrument.
Buy rules by this COG forex mt4 Indicator:
Your price candle should be over the price line (median line) of the COG indicator and this indicates market was oversold and now you can buy after next bullish candle complete.
Sell Rules by this COG forex mt4 indicator:
Your price candle should be under the median line of COG indicator and this indicates market was highly overbought and you can sell after next bearish candle confirmation.
Default parameters recommended for best result.
You can use 10 to 15 pips take profit and 20 pips stop loss on 15 mins chart. For higher time frame you need to use higher TP and SL level. You can use trailing stop also on high volatile time.
This is one of the best forex indicator for day trading. It will ease your trading decision by its simple visualization of market movement.
Buy by Center of Gravity
Sell by Center of Gravity
Default Parameters
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