The Cosmod Metatrader 4 indicator is technical study that shows the cosine of the financial instrument’s excess from the division of the symbol price by the moving average.
The indicator gets added to the chart within a sub-window that is positioned at the lower end of the chart window.
The Cosmod Cosine FX indicator is an excellent tool to trade price divergence when combined with a trend tool like the MACD indicator, which serves as an alert confirmation tool.
- In order to fully grasp how things play along in the market, more attention should be given to the indicator’s dodger blue line and how price divergence plays out on the activity chart.
- Gauge the movement of the currency as against those of the Cosmod Cosine signal indicator using a trendline that is drawn in a fashion that connects successive tops and bottoms.
- The curve of the Cosmod Forex indicator is a floating curve; therefore, it does not have a fixed minimum or maximum level.
Feel free to explore the Cosmod Cosine Forex Signal indicator’s different parameters and settings to create your own personalized indicator setup.
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Forex Indicator Chart (GBP/USD H1 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 Cosmod Cosine MT4 Indicator
Buy Signal: Go long when the Cosmod Cosine indicator prints a bullish divergence and the MACD MT4 indicator confirms the signal.
When the MACD indicator prints silver histograms above the 0.00 horizontal level, it is a buy signal confirmation.
Sell Signal: Go short when the Cosmod Cosine Forex indicator prints a bearish divergence and the MACD MT4 indicator confirms the signal.
When the MACD indicator prints silver histograms below the 0.00 horizontal level, it is a sell signal confirmation
Exit buy trade: Close all buy orders if while a bullish trend is ongoing, the Cosmod Cosine FX indicator displays a bearish divergence. Else, exit the buy trade when the MACD indicator prints a silver histogram below the zero-horizontal level.
Exit sell trade: Close all sell orders if while a bearish trend is running, the Cosmod MT4 indicator prints a bullish divergence. Else, exit the sell trade when the MACD indicator prints a silver histogram above the zero-horizontal level.
Tips: The Cosmod Cosine MT4 signal indicator is a thorough technical indicator that offers probable periodic trading divergences.
It isn’t a standalone technical study and should be traded in combination with other trend tools i.e. the MACD performs brilliantly when added to this tool.
This embodies the concept of trading systems thriving on the multiple indicators.
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More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M5, M15, M30, H1, H4, D1, W1
Indicator Type: Divergence
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.