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CHANNEL INDICATOR COG

Channel indicator COG, or the Center of Gravity, is one where it can help a trader identify major support and resistance levels.

Apart from being able to foresee critical support and resistance areas, the COG tool is also helpful in illustrating the trend of the market, either bullish or bearish.

Knowing both the critical levels and the trend, are two ingredients that can maximize the probabilities for making the right prediction or speculation, as well as minimizing losses.

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Friday, 03 Jun, 2016 / 11:27

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Source : http://blog.argusfx.com/2016/05/09/channel-indicator-cog/

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