Monday, October 3, 2011

Cobra indicator with prediction

Cobra is indicator with long regression channel to show overall trend/medium regression channel for short term trend/and cog to show predicted direction.Indicator to be used on the 1hr chart with the currency of your choice.Should be fairly simple to enjoy profit
Cobra indicator with prediction

Tips of the post:
Find the Low and High of It
Find support and resistance levels. The best place to buy a market is near support levels. That support is usually a previous reaction low. The best place to sell a market is near resistance levels. Resistance is usually a previous peak. After a resistance peak has been broken, it will usually provide support on subsequent pullbacks. In other words, the old “high” becomes the new low. In the same way, when a support level has been broken, it will usually produce selling on subsequent rallies – the old “low” can become the new “high.”
MT4 & MT5 indicator

No comments:

Post a Comment