Simple Center of Gravity “Trend Reversal” Trading System for MetaTrader 4.
The Center of Gravity indicator, also known as the COG indicator, is a graphical tool that helps identify trending market and support resistance levels.
- Time Frame: H1 or higher
- Currency Pairs: GBPUSD, EURUSD, USDJPY, USDCAD, AUDUSD, and NZDUSD
- Center of Gravity
- Commodity Channel Index
- The price touching the lower boundary of Center of Gravity indicator (yellow and green line)
- Commodity Channel Index above 50 level
- The price touching the upper boundary of Center of Gravity indicator (yellow and green line)
- Commodity Channel Index below -50 level
- Initial stop loss above or below the previous swing
- Risk reward Ratio 1:2 or 1:3