COG MACD V2 Center Of Gravity Metatrader 4 Forex Indicator
The COG MACD V2 Metatrader 4 indicator is a technical tool that combines the Center of Gravity indicator, also known as COD, with the MACD signals indicator.
The main idea behind this indicator is to offer traders better reliability in spotting trends.
Traders can quickly determine divergence in price, along with price’s critical support/resistance levels.
The indicator allows us see hidden signals with better precision.
- In order to fully grasp how price will react going forward, more attention should be given to the orientation of the histograms in relation to the zero-signal level.
- A fine combination of price pattern and the COG MACD V2 indicator will improve signal precision and should be a worthy addition into any trading system.
- Deploying the COG MACD V2 indicator with its preconfigured settings will be sufficient in meeting the profit yearnings of users.
- The red & green histogram colors for the COG MACD V2 indicator gives traders better visual representation for trend spotting function.
Feel free to explore the COG MACD V2 indicator’s different parameters and settings to create your own personalized indicator setup.
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COG MACD V2 Indicator Chart (EUR/ZAR M15 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The COG MACD V2 Center Of Gravity Indicator
Buy Signal: Go long when the green histograms of the COG MACD V2 indicator gets printed above the zero-horizontal signal level within the indicator’s sub-window.
When sandy-brown cloud of the Ichimoku Kinko Hyo MT4 indicator gets aligned below the candlesticks, it is a buy signal confirmation.
Sell Signal: Go short when the red histograms of the COG MACD V2 indicator gets printed below the zero-horizontal signal level within the indicator’s sub-window.
When thistle cloud of the Ichimoku Kinko Hyo MT4 indicator gets aligned above the candlesticks, it is a sell signal confirmation.
Exit buy trade: Close all buy orders if while a bullish trend is running, the COG MACD V2 indicator pops up a red histogram below the 0-horizontal level. Else, the Ichimoku Kinko Hyo indicator prints a thistle cloud on the chart window.
Exit sell trade: Close all sell orders if while a bearish trend is ongoing, the COG MACD V2 indicator pops up a green histogram above the 0-horizontal level. Else, the Ichimoku Kinko Hyo indicator prints a sandy-brown cloud on the chart window.
Tips: The COG MACD V2 indicator is designed to show distinct signal patterns via histograms.
Traders who are familiar with the workings of the standard MACD indicator will find the cogmacd-v2-indicator quite trade-friendly.
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Bars Back, fma, sma, sigma, fibband, m, i, kstd.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: Oscillator
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.