Please excuse my ignorance but I believe the COG indicator has been around for a long time.
It would apear that Oan has simply borrowed this indicator and has refined the timing of the entry with the candle average indicator.
So why is this system so wonderful? Am I missing something?
It seems to me that it will work well during the current ranging market conditions (and as such should be archived for present and future ranging markets) but should be used in only one direction during trending markets.
If not, then surely you are skirting with a complete wipe-out if you seek to pick the top of an upward trending market and vice versa.
Good trading to all
.
It would apear that Oan has simply borrowed this indicator and has refined the timing of the entry with the candle average indicator.
So why is this system so wonderful? Am I missing something?
It seems to me that it will work well during the current ranging market conditions (and as such should be archived for present and future ranging markets) but should be used in only one direction during trending markets.
If not, then surely you are skirting with a complete wipe-out if you seek to pick the top of an upward trending market and vice versa.
Good trading to all
.