Center of Gravity is the channel indicator that seems on the chart of the foreign money pair channel, consisting of 5 strains:
- Blue line – center line of the channel
- Green line – inner borders of the channel
- Yellow strains – exterior borders of the channel
The distance between the interior and exterior borders is a direct dependence on the extent of volatility. The greater the volatility is, the shorter the interval between boundaries.
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Characteristics of Center of Gravity indicator
- Platform: Metatrader4
- Currency pairs: All pairs
- Trading Time: Around the clock
- Timeframe: Any, beneficial H1 and better
The indicator is utilized in channel foreign exchange methods and includes the usage of two varieties of entry factors:
1. Rebound from the border of the channel
Prices rebound from the decreased border of the channel opening a purchase place, the primary take revenue set within the center line of the channel, and the second Take Profit – on the high border of the channel. Stop Loss is positioned under the channel, at a distance comparable to the spacing between the inexperienced and yellow strains:
2. Price crosses the middle line of the channel
The signal for opening a protracted place is the value crossing the midline of the channel from the underside up, to open a brief place – from high to backside. Take Profit and Stop Loss set at a degree of inner boundaries of the channel.
The Center of Gravity indicator has the drawback of repainting the channel, which is particularly pronounced in youthful Time Frames.
In the archives Center_of_Gravity.rar:
- Center_of_Gravity.mq4
- middle of gravity.pl
