Center Of Gravity V3 Indicator

The Center of gravity V3 indicator for MT4 plots a series of lines that indicate the overbought and oversold levels of a trading instrument. Furthermore, the indicator plots a Green middle line that acts as a center of gravity. The indicator anticipates that if the price reaches extreme overbought or oversold conditions it will reverse the direction and move towards the center of gravity line. So, forex traders can anticipate Bullish and Bearish market reversals at extreme oversold and overbought levels and BUY or SELL accordingly. The indicator works well for new and experienced forex traders. New traders can identify the entry points using the overbought and oversold levels and also identify the best take profit target. Advanced forex traders can use the technical trading signals from the higher time frame and prepare trading strategies to enter in a lower time frame. Additionally, the indicator is free to download and easy to install.