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The Center of Gravity (COG) Indicator is an oscillator based on the moving average indicator of the median price, available on the MetaTrader 5 (MT5) trading platform. The COG indicator signals are made using two colours: green indicates an uptrend, and red indicates a downtrend. These signals help traders to identify market trend changes promptly.
COG Indicator Table
| Category | Oscillator - Signal and Prediction - Educational Indicator |
| Platform | MetaTrader 5 |
| Skill Level | Beginner |
| Indicator Type | Leading - Reversal |
| Timeframe | 1 minute - 5 minutes - 15 minutes - 30 minutes - 1 hour - 4 hours |
| Trading Style | Scalping - Day Trader - Intra-day Trader |
| Trading Markets | Forex - Cryptocurrencies - Indices |
Indicator at a Glance
The Center of Gravity Indicator is suitable for traders to identify trends. This MT5 indicator detects trends using two oscillating lines: a blue line representing the trend and a red line acting as a trend confirmer.
Traders can use theblue line's cross as a confirmation of the trend and a potential entry point for trades.
Trend Reversal Signal
In the 4-hour chart of the USD/CHF currency pair, the price moves into an uptrend after a downtrend. In this situation, the COG indicator first shows the downtrend in red and then confirms the uptrend with green as the trend changes to bullish.
Divergence in the COG Indicator
In the 15-minute NASDAQ (NAS100) chart, the price experiences an uptrend, while the COG Indicator shows a divergence. After continuing the upward movement, the price started falling at 18398.1 and began a downtrend.
COG Indicator Settings
- Period: Choose the period (COG)
- Price: Choose the calculation type based on the moving average
Conclusion
The Center of Gravity (COG) Indicator is an MT5 Oscillator for predicting price trends, helping in trend analysis. The COG Indicator allows traders to identify market trends and accurately predict trend changes.
What is the Center of Gravity Indicator?
The COG Indicator helps traders identify potential trend reversal points. This indicator uses moving averages to determine probable price reversal points on the chart.
Is the Center of Gravity Indicator available only for MetaTrader 5?
No. This indicator is available for MetaTrader 5 (MT5) and MetaTrader 4 (MT4) trading platforms. Traders can visit the top of the page to download the MetaTrader 4 version.