Forex (Foreign Exchange) is an international currency trading market. In this market, you can buy and sell financial instruments corresponding to the different currencies.
Trading Forex is a risky business, You may lose money. Please consider this before opening an account with any broker.
✔ CFO shows the price trend
✔ Crossing the zero line could indicate a breakout or change of trend direction
✔ If the oscillator is above the zero point then the forecast price is higher than the current price and vice versa. Link to the video. Please click here!
By using this indicator we can have a better view of the following situations: ✔ The market retreats from a new high
✔ The market ranges in a narrow band
✔ Price rises above the recent high.
✔ A new market peak.
✔ A likely reversal Link to the video: Please click
Center of Gravity is a relatively new indicator.
It is perfect for volatile markets.
I normally combine this with a MA(Moving Average) 3 times the period of COG. See below an example: Daily Chart, Bitcoin on 5th of May 2020.
