COG RSI Indicator
This is a forex trading indicator. This indicator any type of currency pair can be used. This forex trading strategy. Its complete name is center of gravity Relative strength indicator. The COG RSI Indicator is the combination of the COG and the RSI indicator. This is forex strategy that
The COG RSI Indicator also tells about the market overbought and oversold conditions as well as different conditions. There are different ways through the overbought and oversold values are determined. There are negative and positive conditions for the overbought and oversold levels.
Buy and Sell signals
The COG RSI Indicator generates signals. The signals are for buy and sell. There two type of signals that the COG RSI Indicator generates names as buy signal and sell signals. This indicator creates buy signals when the RSI value moves up from the 70 level. It tells that the trade through this indicator happens when the RSI value move down below 30 value. The color of the line will be show in yellow color.
This indicator creates sell signals when the RSI value moves down from the 30 level. It tells that the trade through this indicator happens when the RSI value move above below 30 value. The color of the line will be show in blue color.
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