Center Of Gravity Indicator for MT5

The Center Of Gravity Indicator for MetaTrader is a non-lagging indicator that is effective for identifying reversal zones on a forex chart. This oscillator indicator, commonly known, was developed based on the John Ehlers system introduced in 2002. The MT5 indicator automatically compares past accumulated historical data with the current price and then identifies support or resistance zones. It is a powerful trading tool due to almost zero latency in reading pivot points. And it does it with high accuracy, which makes it very effective in capturing price fluctuations in a timely manner. This, in turn, helps you quickly spot clear price reversal points and anticipate further price action. The Center Of Gravity indicator is also a tool that will come in handy for both beginners and advanced forex traders. This helps to reduce the amount of technical analysis and increase the accuracy of trading in the reversal zone. The indicator's smoothing feature also makes it easy to quickly identify prices at pivot points. Moreover, the indicator can be used by scalpers and day/intraday traders. It also looks simple and is not on the main diagram, allowing you to still have a clear view of the diagram. Center Of Gravity Indicator BUY/SELL Signals The chart above shows the center of gravity indicator for MT5 in action. The indicator has two signal lines that are easy to interpret and use. BUY/SELL signals are generated when two lines cross. But before we continue, it is important to note that this indicator should ideally be used in conjunction with price action or other indicators. This is because some crossovers may be caused by side market conditions, etc. Thus, not all crossovers can be sold! In addition, the indicator signals are more accurate on higher timeframes. To get a valid BUY setup, first wait for the price action to occur. Then open a BUY position immediately after the two signal lines of the indicator cross in the expected direction. The chart above shows how to spot a high probability entry using the COG indicator. You can see that we had a bullish engulfing candlestick pattern in the chart above, which is a sign of a reversal to the upside. You would enter a BUY/LONG position after the signal lines of the Center Of Gravity indicator have crossed, which also indicates an upward move. The SELL signal is also shown on the chart. Wait for the price to show a downward reversal sign (in this case we had a bearish engulfing pattern) and open a SELL trade lines of the COG indicator cross. Conclusion The center of gravity is indeed the indicator you need on your trading chart. This will help you make timely trade entries and exits. Finally, the indicator is free to download. Feel free to try.