Indicator COB indicator

Buy COB indicator customer indicator in the store selling algo trading systems

This indi­ca­tor shows the “can­dle-of-band”. The “Can­dle-of-band” is a can­dle that does not touch the Mov­ing Aver­age.

When you see the blue up arrow, a buy sig­nal is formed. The appear­ance of a red down arrow indi­cates a poten­tial sale.

Keep in mind that the sig­nal is formed only on the closed can­dle, but the arrow can be drawn on the cur­rent can­dle as well.

If the sig­nal is formed, and the can­dle is a “ham­mer” or “hang­ing man”, it may indi­cate the roll-back from the lev­el.

Rec­om­mend­ed time­frames: H4 or high­er.

Rec­om­mend­ed MA peri­od: 3.

Rec­om­mend­ed cur­ren­cy pairs: works best on AUDUSD, EURUSD and oth­er most liq­uid pairs.

COB indicator 

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