TMA center of gravity indicator is an indicator that can be used with any forex strategy indicator. This indicator is used to know that when the traders should enter in the market for trading and when they should leave from the market.
TMA Center of Gravity indicator
This indicator can be used with any forex trading system at any timeframe and with also any currency pair.
TMA Center of gravity indicator tells the overbought and oversold changes in the chart. The line moves between 0 and 100 points. When the line move below the 30 then it means that there is a chance of oversold.
When the RSI line moves upward 70 then its means that there is an overbought signal. When the buy signal occurs then its means that the price movement is high and there is a great change in the market trend. When the sell signal happens then its means that the price is decreasing that may cause loss for the traders.
The indicator defines the maximum opportunities for the trader for trading in the market place. This indicator is used to know the technical and analytical behavior of the stock exchange in the market place.