The Center of gravity indicator MT4 is a really special indicator. In this post, you will learn how to use the center of gravity indicator and I will also give you the download link as well.
Who Created The Center Of Gravity Indicator?
The center of gravity forex indicator is believed to have been created by this guy called El Mostafa Belkhiate from Morocco.
How To Use The Center Of Gravity Forex Indicator
The center of gravity indicator there as 5 lines:
- the blue line is called the center of gravity line
- then there are the green and light brown lines above as well as below the blue line.
So how it works is this:
- when price travels on the outer extremes, it must at some point and time down the line, head back to the center of gravity line.
- the outer extremes of prices are represented by the green and brown lines on both sides.
- so if you see price heading UP the the green and brown lines and if price touches them, you should be looking to sell because price is expected to move down to the center of gravity blue line.
- if price is falling DOWN to the green and brown lines and if it touches them, you should be looking to buy because you will expect price to move back up the center of gravity line.
When To Exit A Trade
Generally, if you were to trade the center of gravity forex indicator without anything else, all you would be doing is buying or selling on the outer extremes of price move which is shown by those green and brown lines.
So how do you get out of a trade based on the center of gravity? When price touches the blue line. This chart below shows you how:
Currencies To Trade Using The Center of Gravity Indicator
You can trade any currency pairs you chose with the center of gravity forex indicator from EURUSD, GBPUSD, USDJPY, USDCHF, AUDUSD, NZDUSD.
Well, you can use any timeframes as well from the 1 minute timeframe up to the monthly timeframe. The center of gravity indicator can be used as an indicator for scalping as well.
Center of Gravity Forex Trading Strategy And Download Link
If you are interested, learn about how you can use this center of gravity forex indicator with this center of gravity forex trading strategy.
Here’s the download link for the center of gravity indicator mt4: Center of Gravity 1.