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 types of signals that the COG RSI Indicator generates names as buy signals and sell signals. This indicator creates buy signals when the RSI value moves up from the 70 levels. It tells that the trade through this indicator happens when the RSI value moves down below 30 value. The color of the line will be shown in yellow color.
COG RSI Indicator
This indicator creates sell signals when the RSI value moves down from the 30 levels. It tells that the trade through this indicator happens when the RSI value moves above the below 30 value. The color of the line will be shown in blue color.
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