Binary options are a product for trading on the stock exchange that appeared relatively recently. With their help, you can carry out highly profitable trading. However, without certain tools, making a profit will depend on luck.

One way or another, any trader sooner or later uses indicators. You definitely need to know them!

Indicators for binary options are unique algorithms that help a trader buy an up or down option at a certain moment. Thus, he increases his profits. At the moment, indicators are the trader’s right hand; they cannot do without them when trading on the stock exchange.

In order for trading on the financial exchange to bring good income, it is necessary to make correct forecasts of the movement of the asset price. Therefore, without using the binary options indicator trading activity will be similar to a game where making a profit will depend on a lucky chance.

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A little about binary options indicators

As a rule, the indicator is based on a certain mathematical formula, according to which it is calculated and constructed. For many indicators there are no strictly defined calculation parameters; they need to be selected individually according to the wishes and needs of the trader.

An indicator is a kind of algorithm that, in a certain way, by analyzing the past price chart, predicts the future of its movement. As a rule, the goal is to receive a signal for action (buy, sell, close a transaction) or, conversely, inaction (waiting for a trend change).

According to Dow theory, the market already takes into account all factors. Accordingly, we can assume that the indicator already takes into account all factors in its calculations. For many traders, this is the basis for not using Fundamental Analysis and being guided only by the indicator readings.

Indicators can be divided into two categories

(TI) – monitor the state of the trend. Most of them are based on Moving Average Lines, which come in many varieties. Their combination allows you to see the beginning and predict the end of a trend. Using TI, you can understand which trend is currently dominant (upward or downward). You can also track overbought zones and many other factors indicating a change in trend. However, you should not consider trend indicators as purely independent tools, but with their help you can build a successful cake strategy

Oscillators(countertrend indicators) – This type works well when there is no trend in the market or it is not clearly expressed. As a rule, they are displayed in a separate window and represent certain curves fluctuating in a certain range. The advantage of oscillators is that they allow you to see the moment of reversal and transition to another trend. BUT! Only in Flat (range) conditions.

Another advantage is that oscillators often provide several types of signals. Indicates whether an asset is overbought/oversold and shows the discrepancy between the price and the indicator. May indicate a short-term trend within the range

Since oscillators become useless during trend periods, it is advisable to use indicators together various types, to filter out false signals and maximize the number of true signals to action. Indicators are mainly used by traders who trade for short-term periods - up to a week. Traders who trade over long-term periods, such as months and even years, still tend to use fundamental analysis.

Among all the indicators, . He made significant contributions to the theory of technical analysis and came up with his own indicators

There is no best indicator for ALL traders. This is a priori!

To trade successfully, you will have to study many indicators, and in each you will be able to configure one or more parameters. Only then will you find the best indicator or set of indicators FOR YOURSELF. And don’t forget, before real trading using indicators, carefully study its parameters. See how it gives signals on the history chart. Draw conclusions and only then make decisions! I wish you success and of course patience! Below we provide a description of not all, but perhaps the most relevant indicators. In fact, there are hundreds of indicators and every day there are more and more of them, but we present indicators that have already been tested and are well-known in trading.

In the case of binary options, we face a slightly different task. Let's look at the example of a Call/Put option - a trader just needs to guess whether the price will be higher or lower than the current level by the time the expiration date expires. That is, there is no need to make forecasts, determine the levels of setting TP and SL - you just need to guess where the price will be. If you bought a Call option and the price was at least 1 point higher than the current level, then you will still receive the same profit as you would have received if the price were 100 points higher than the option purchase level. The picture is similar with other types of options.

Hence the requirements for indicators:

They should be as simple as possible. The same Ichimoku is unlikely to be useful on binary options, but it works great on the Forex market. It’s just that all its functionality is not needed on BO;

As for which indicators to use – custom ones or from standard set, then a lot depends on what kind of broker you are dealing with. The problem is that not all companies give their clients the opportunity to trade through the MT4 terminal. Many people work through online applications, so installing your own indicator, as you are used to doing with MT4, simply won’t work.

TOP indicators for binary options - a selection for all occasions

As already mentioned, the task when working with BO on the one hand becomes easier (you just need to guess the direction of price movement), but on the other it becomes more complicated - the time factor also comes into play. In addition, we cannot close a deal at any time.

For trading we will use 2 exponential moving averages with periods of 6 and 24, respectively (for trading on H1-m30 charts);

We work according to the following scheme: when the fast EMA crosses the slow one from bottom to top, we buy a Call option, when the opposite intersection occurs, we buy a Put option.

And now the most interesting thing is that if in the case of the Forex market we simply calmly set stop loss and take profit, then in the case of binary options we do not have such an opportunity. Instead, we need to choose the right expiration time.

The final result will depend on this. It may also be that the direction of the transaction is chosen correctly, i.e. moving averages correctly indicated a change in trend, but at the same time, due to an incorrectly chosen expiration date, at the time of expiration the price ended up in the unprofitable zone, and the trader received a loss. There is nothing you can do about this, the “lottery” element will always remain, but you can increase the likelihood of making a profit:

Choose an expiration period from 1-2 hours when trading on H1-m30;

Pay attention to the behavior of prices and moving averages. If, for example, the price produced a large candle and the crossing of the EMA occurred because of this, then it makes sense to wait - most likely, the next day there will be a small pullback and the entry point will be more promising.

The example shows just such an option - after such a large candle as the first, further growth is possible and in Forex you could simply wait for the price to roll back to the moving averages themselves, buying there. But on BO I prefer not to take risks, so I simply ignore such moments.

The next example is more interesting - the crossing of the EMA did not occur abruptly, but due to a general downward movement over a long period of time in the past. It is clear that it is precisely such situations that have great potential, and we use them in our work.

As for other options for using MA, you can try them too. If you trade on large time intervals, then a heavy MA can be useful in order to determine the general trend and enter at the end of pullbacks. The kickbacks themselves can be searched for in any other way.

If you have a crazy thought that the grail has been found, then drive it away - the signals are actually quite good, but problems can arise during prolonged trends. In this situation, the price does not bounce off the upper/lower border, but simply sticks to it. If you buy an option every time the price touches the BB border, you risk several losses in a row.

We will be interested in situations when the price is not in a hard flat, but at the same time there is no strong trend in the market. At such moments, the channel width is sufficient for trading, and the price consistently and often rebounds from the boundaries of Bollinger Bands.

When trading, you should buy an option at those moments when the price goes beyond the channel formed by the BB lines. But such entries will turn out to be quite risky; there will always be a risk that a trend is starting right now, and the next candle will not return to the BB.

We will be interested in candles with small shadows that close either directly on the channel border or even beyond it, that is, we can say that a breakdown has occurred. The expiration period should not be too long; practice shows that if the price has not returned to the BB within the next 1-2 candles, then it is unlikely that the transaction will be closed with a profit at the expiration date.

If the price touched the channel border, but then returned within the channel, then we skip the signal.

2 popular oscillators and binary options

The trading methods using them are almost identical, so we will not dwell on each separately. So, if you decide to use them in binary options trading, then I would advise:

Do not use indicator lines leaving the oversold/overbought zone as an independent signal. Yes, yes, you heard right - just DO NOT use it, the whole point is that too many false signals are observed with such trading tactics. If you supplement this signal with some other signal, you can easily use it;

Pay attention to extreme indicator values. This applies primarily to RSI. If you zoom out, you will see that RSI sometimes gives strong peaks, reaching values ​​in the range of 90-100. It does not stay at this level for long and literally on the very next candle the price allows it to return to its usual range;

The Commodity Channel Index is a good basis for a trading strategy

The Commodity Channel Index (aka CCI or Commodity Channel Index) can be considered an excellent basis for a complete trading strategy. On the chart, the usual CCI is displayed as a broken line, and levels ±100, ±200 are added in the indicator window.

As for signals, in trading I would advise using:

Intersection of the level indicator line ±100. If the line is level -100 from bottom to top, you can consider buying a call option; you can do the same if the line has crossed the level +100 in the same direction. This suggests that the growing trend is quite strong. At the same time, the nature of the price movement in the interval between the level -100 and +100 is also of great importance. If the movement was sluggish and it is clear that the line literally barely reached the +100 level and crossed it, then I would not count on strong further growth. In the case of short positions, the rules are reversed;

You can take a risk and play against the trend. Sometimes there is such a strong movement in the market that the indicator goes beyond the ±300 levels. He usually does not stay in this zone for long, turns around and returns to a more familiar range. It is the CCI rules of construction and the operating principle itself that remains the same. If the signal is strengthened, for example, by the price going beyond the -100 level (as in the example in the screenshot), then this is only a plus. You can, for example, increase the lot size.

Online trading platforms have the Woodie’s CCI indicator, but it would be more logical to call it a ready-made trading system. It uses 2 commodity channel indices and a number of specific rules. You can also trade using it.

Example of an indicator trading strategy for binary options

Indicators themselves are, of course, useful, but trading strategies most often include several indicators. This allows you to filter received signals and enter into transactions with confidence. The ADX indicator needs the -DI line to be above +DI, and not vice versa. According to statistics, the ratio of profitable to losing trades is approximately 2:1. Considering that the profit on the transaction fluctuates in the range of 75-85%, this allows you to stay in the black.

Conclusion: indicators for binary options

Indicators for binary options are the same well-known algorithms; they are simply used by traders for options trading. The operating principles remain absolutely the same; in the end, why should anything change? For analysis, a chart is taken, which for binary options looks exactly the same as when working on Forex.

The algorithms discussed in the article do not claim to be the grail; I will say more - if you use them thoughtlessly, you will get nothing but losses. But they will absolutely be able to help you when drawing up your trading strategy

Technical analysis is the basis without which it is impossible to achieve success on the financial exchange. The necessary market research helps to carry out special algorithms - indicators. Based on their testimony and messages, the trader makes the final decision regarding a particular asset. Typically, traders use two or three instruments simultaneously in their trading strategy in order to minimize the percentage of false signals.

Indicators are divided into types

Indicators, which we will focus on in this review, also play a huge role. Without them, trading turns into banal guessing. Both standard programs and those developed specifically for this market can be used for analysis.

Most experts are inclined to believe that best indicators for binary options with medium and long expiration periods are classic instruments. On short time frames, specialized algorithms are considered more effective, although this statement is far from unambiguous. The following groups of programs are distinguished:

• Trend indicators. Using these tools, you can determine the presence of a trend and its vector. A significant part of the representatives of this category are algorithms based on . It should be noted that in binary options strategies, trend indicators are usually used as an additional tool.
• Oscillators. Their main task is to determine the levels, upon reaching which the price will stop its forward movement and turn in the opposite direction.
• Volume indicators. These indicators are used to determine the activity of other trading participants.

The best indicators for binary options

Modern traders have the opportunity to choose from hundreds of technical analysis algorithms, and the majority of these tools are completely accessible. I offer a selection. Only classic indicators are presented here.

Bollinger Bands

Bollinger Bands are an indicator formed by three moving averages, one of which is central, and the other two are equidistant from it. The higher the market volatility, the wider the channel, and vice versa.

Trading signals arise when the price curve touches the boundaries of the Bollinger Bands, which serve as support/resistance levels. The main bet here is that in most cases the price will be based on them. Crossing any of the lines indicates the presence of a strong trend that will continue.

A signal to purchase an UP option is generated when the price:

• came into contact with the lower border and went up;
• broke through the upper limit;
• bounced off the upper border and reached the lower border, but did not break through it.

A signal to purchase a DOWN option is generated when the price:

• came into contact with the upper border and went down;
• broke through the lower border;
• bounced off the lower border and reached the upper border, but did not break through it.

RSI

The RSI oscillator displays the moments of trend reversal and at the same time determines the strength of price movement. On the indicator chart we see a curved line that most of the time moves between the 30% and 70% levels.

A signal to purchase an UP option occurs in the following situations:

• the RSI line fell into the oversold zone, that is, below the 30% level;
• the next price decrease during a downward trend was not confirmed by the corresponding movement of the indicator curve (divergence);
• the RSI line is going up, staying around 50;
• a downward price reversal is refuted by the behavior of the oscillator line (a reverse divergence has formed).

A signal to purchase a DOWN option occurs in the following situations:

• the RSI line has risen to the overbought zone (above the 70% level);
• another price increase during an uptrend was not confirmed by the corresponding movement of the indicator line;
• the RSI line is going down, staying around 50;
• an upward price reversal is refuted by the behavior of the oscillator curve.

MACD indicator

Considering best indicators for binary options, there is no way to ignore such a program as MACD. This is a universal tool that helps determine the likelihood of a price reversal and the strength of the current trend. The readings are displayed on the graph either as two lines (fast and signal) or as a histogram. In some cases, a combination of bars and curves may be used.

A linear MACD signal to purchase an UP option is generated if the following conditions are met:

• the fast line passes through the signal line from below (stop loss under the last low);
• both lines are located below the zero mark, while their values ​​are minimal and negative;
• in a downtrend, the price continues to decline, and the MACD begins to rise (divergence).

A linear MACD signal to purchase a DOWN option is generated if the following conditions are met:

• the fast line passes through the signal line from above (stop loss above the last high);
• both lines are located above the zero mark, while their values ​​are maximum and positive;
• in an uptrend, the price continues to rise, and the MACD begins to decline (divergence).

The histogram signal to purchase an UP option can be considered:

• growth of bars after a fall (stop loss is placed under the last low);
• growth with a downward trend, while the price updates the minimum (divergence).

The MACD histogram signal to purchase a DOWN option can be considered:

• decrease in bars after growth (stop loss above the last high);
• decrease in bars during an upward trend, while the price updates its maximum (divergence).

The indicator demonstrates its greatest effectiveness in markets with high volatility. To confirm reversal signals, you should definitely use additional analysis tools.

Using this trend indicator, the moment of closing the current position with the subsequent opening of a transaction in the opposite direction is determined. The program's readings are displayed on the price chart in the form of successive points forming a parabolic line.

A signal to purchase an UP option is generated in the following cases:

• the dots are located below the price, which indicates an upward trend;
• the points crossed the price chart from above.

A signal to purchase a DOWN option is generated in the following cases:

• the dots are located above the price, which indicates a downward trend;
• the points crossed the price chart from below.

To open positions following a trend, you should wait for at least three points in a row to form. It is better to react to reversal signals only after receiving confirmation of the previous trend. In binary options strategies, Parabolic SAR is usually used as an auxiliary tool to check the signals of other indicators.

Stochastic

Let's finish the review best indicators for binary options description of the legendary oscillator. Using this tool, you can determine the direction of the trend and predict its reversal. On the program chart we see two lines K and D, which most of the time move between the levels of 20% (below is the oversold area) and 80% (above is the overbought area).

Prerequisites for the appearance of a signal to purchase an UP option:

• one of the lines drops into the oversold area and then returns back;
• line K is located above D;
• updating of the next price minimum during a downward trend is not confirmed by the oscillator (divergence).

Prerequisites for the appearance of a signal to purchase a DOWN option:

• one of the lines rises to the overbought area and then falls back;
• line K is located below D;
• updating of the next price maximum during an uptrend is not confirmed by the oscillator.

The divergence must be extremely clear; if there is the slightest doubt, you should not respond to the signal. In addition, you need to be sure that you havestrong trend. The best way The use of Stochastic in binary options strategies is to check the signals of other indicators.

To obtain a more accurate signal, you can use two Stochastics simultaneously with different parameters, For example: 21, 9, 9 And 9, 3, 3 .

Here is an example of such a transaction:

A clear signal to buy the option was received DOWN, since both indicators crossed in the upper overbought zone. I immediately bought an option for 9 minutes:

The best indicators for binary options, of course, have earned such recognition for a reason. Their combination will allow you to accurately determine the entry point into the trade, and the chart settings will indicate the option period.

Hello, dear subscribers of our Forex portal! Today we decided to please you with a new universal indicator for Forex trading – BarsStreet 1.05. With its help, you can successfully make money on binary options with an expiration period of 60 seconds. This indicator is sold for $190, but we offer you to download it for free. Moreover, we will tell you how sellers are trying to deceive gullible traders by selling them other people’s indicators, which are freely available on various sites and forums.

Characteristics of the BarsStreet strategy

Strategy type – binary options trading
Trading hours – around the clock
Timeframe – from M1 and above
Currency pairs – any
Recommended brokers: Alpari, Olymp Trade, Binomo

Description of the indicator for binary options BarsStreet

The indicator for binary options without redrawing signals BarsStreet 1.05 is represented by blue and red colored circles with numbers from 3 to 12. When a blue circle appears, you need to buy a PUT option (sell an asset), and when a red circle appears, you should buy a CALL option (purchase an asset) . Moreover, the higher the number, the higher the probability of a successful outcome of the transaction.

With proper management of your capital, the risk of losing your deposit is zero. For example, your deposit is $1,000, in this case you need to make the following bets:

• When a signal with a value of 3 appears, you must buy the option with an investment of $10 (1% of the deposit);
• When a signal with a value of 4 appears, you must buy the option with an investment of $30 (3% of the deposit);
• When a signal with a value of 5 or 6 appears, you must buy the option with an investment of $60 (6% of the deposit);
• When a signal with a value of 7 or higher appears, you must buy the option with an investment of $100 (10% of the deposit).

Since the expiration period is only 60 seconds, for a successful transaction, one candle on the minute chart, closed in the direction we need, is enough. That is, if a blue circle with a value of 7 appears, then this is a very strong signal, and one bearish bar is enough for us to close the transaction in positive territory.

(click on the screenshot to enlarge)

You can trade using this strategy on any currency pairs and timeframes. Just don’t forget, if you trade on the M15 timeframe, then the expiration period should be 15 minutes.

Using the BarsStreet indicator, you can trade not only binary options, but also Forex. But in this case, the following conditions must be met:

1. Trades should only be opened following the trend;
2. It is better to trade on timeframes from M5 and choose currency pairs with a minimum spread;
3. It is better to take indicator values ​​from 5 and above;
4. The signal candle should rest on a horizontal level;
5. The presence of additional patterns (for example, a pin bar) will be a good confirmation of the trading signal.

Below you can watch a video in which the indicator seller explains how to trade using this trading system.

See also which are the most popular now.

What is BarsStreet really?

If you watched this video, you may have noticed that the seller often talks about indicator values ​​from 3 to 7, but does not tell what exactly the numbers show. In fact, everything is very simple, these numbers show a continuous sequence of bars in one direction. Accordingly, the larger the number, the higher the probability that the next candle will be of a different color. This observation can be successfully applied in binary options trading, but in Forex this rule rarely works. After digging a little on the forums, I found the BarsStreet 1.05 indicator, which is freely available, and its true developer has no idea that his indicator is sold for $190. Essentially, this indicator simplifies the routine work of counting bars of the same color, and there is nothing fancy about it. Therefore, before buying the next Grail, think carefully about what the seller is trying to sell you, and also look for free analogues of indicators on various thematic forums, since very often sellers do not even bother to take screenshots of their trading and take everything that is already ready.

BarsStreet 1.05 indicator settings

The indicator for binary options BarsStreet 1.05 has a minimum of settings. You can do the following:

• Set the size of indicator values ​​on the chart;
• Choose which buy and sell signals will be displayed on the chart (from 3 to 12);
• Enable or disable alerts.

See also which ones are the most profitable.

conclusions

Despite the fact that the BarsStreet 1.05 binary options indicator is not something unusual, it greatly simplifies trading and can be successfully used on binary options. To increase profitability when trading using this strategy, you can only take signals from 7 consecutive bars of the same color. And by using it, you can trade exclusively with a profit. The main thing is that your deposit can withstand drawdowns, so it is extremely important to follow money management. Be careful when purchasing indicators and advisors from Russian sellers and enjoy profitable trading!

Free download indicator for binary options

This will be one of the most short lessons. It's funny, but such a banal topic as indicators is difficult to describe from a psychological point of view. It is because of indicators that beginners have so many problems with trading in the initial stages. I had them too.

A novice trader needs a foothold. This whole price on the charts looks so unpredictable, especially when the first enthusiasm subsides and you realize that it is not bouncing like a ball at all from the support and resistance lines. When he wants, he breaks them, sometimes he teases them and supposedly breaks them (false breakouts), and sometimes he seems to deliberately bounce when you are waiting for a breakout. My head is spinning, my deposit is decreasing.

The indicator is strict and clear. He has clear rules, he often even shows with arrows where to enter. There’s just one problem with the indicators...

The indicator shows only the past

And it's right there in the title. This is what beginners, and often even experienced traders, do not understand about indicators. They forget how any indicator works. And this:

Mathematical operation with past data.

Do you understand? The indicator cannot “predict” the future. It is based on a very simple formula. Let's say we took 14 candles, the minimum price, the maximum, played around a little, bam - we have stochastics. But what does it show? Past price data. I will save you a lot of time if you immediately understand the simplest trading truth:

The indicator does not predict the future. It only shows the past.

Indicator structures past data, but is not able to look into the future even 1 point. We will do it for him, with our trading brains.

For this reason, trying to trade using indicators alone usually fails. This is not surprising. The child could trade MACD crosses or oscillator lines. Moreover, any programmer who has mastered “C++ in 21 days” can easily write a trading robot that will make such entries automatically.

And they are all tested. All popular indicators of the world. On the TradingView platform you can find ready-made strategies with them that can be run on history with one button and show the results.

And there it turns out that any naked indicator strategy, shamelessly waving its arrows, looks completely indecent, because it, in itself, only loses money in any foreseeable period.

This, by the way, is one of the misconceptions of beginners. They believe that if the indicator gives results for a day or a week, then they have found the “money” button. In fact, they only got a short-term piece of luck from the theory of probability. The more historical period, on which the indicator is tested, the more losses it will ultimately show.

Why are indicators needed?

We have already come a long way:

And indicators can become a useful addition to these topics - to technical/fundamental analysis. They can complement your understanding of the market and will be a good assistant who will come to your aid in difficult times. But this is not a shining knight in armor who will save you if you do not understand what is happening with the market.

The indicator is not capable of this. It carefully organizes old prices and helps you understand what was happening in the market before you made a decision right here and now.

• If you regard indicators and indicator systems as a supplement, they will help.
• If you rely only on them, beware, you are asking too much from a simple formula.

No matter how beautiful the indicator looks, it is only a formal structuring of old data:

Initial indicators for binary options

The most popular indicators are slowly described on the website. I don’t like to read muddy texts written by people suffering from technical brain confusion, so I give the simplest descriptions.

So far the following have been described:

The TradingView public library contains thousands, many thousands of indicators and indicator systems:

150 indicator systems

I also spent a lot of time collecting and classifying indicator strategies for binary options on the forum. The result is a catalog sorted by timeframe. On the forum you can download them for MetaTrader or use them immediately on your live chart.

The indicators there are very different: arrows, trend indicators, reversal indicators, with redrawing, without redrawing, green and grey-brown-crimson. The choice is luxurious, for every taste.

The best and most accurate indicator for binary options

You have already gone through enough training stages in ours to understand that there is no such miracle. But that's good. Why?

Imagine that some asshole got an indicator that is guaranteed to ensure successful trades. Where would we all be then, together with the brokers? It is only because technical analysis is an imprecise, subjective science that the market breathes competition and the patient take the money of the weak. Here, control over emotions, the ability to manage money and risks, rather than specific systems, are much more important. If a citizen or a group of citizens appears here, “vanging” the market unmistakably, the time will come to dry crackers, and for everyone at once.

Luckily, it's fantastic. Always predicting the market accurately is like predicting the future of your country from history. The general vector can be approximately determined, but the exact one cannot. So our government, having already dropped the ruble by almost 3 times, makes big eyes and makes excuses after the fact.

A certain Sechin managed to incorrectly predict the price of oil 7 times in a row. Eh, guys. If the head of Rosneft 7 times in a row cannot predict the price of oil (and he is supposed to, by virtue of his position), what can we expect from some indicator for UKOIL (Brent oil ticker).

What is a reliable indicator for you personally?

This is a good question. Because over time you understand which indicator is really good for you personally. Because you studied it inside and out, in a variety of market conditions. Only after hundreds/thousands of hours of testing can the indicator become “native”.

For me, these were Bollinger Bands and Stochastics. I love the classics. I don't need complex systems. The basis of my work is Dow theory with a significant admixture of fundamental analysis. And these two indicators are help, and then only in some cases. Often there is no need for them at all.

Bollinger for me is a channel volatility indicator. It's such a big worm, its sides swell with volatility or shrink when the worm is starving and the price barely moves. Volatility as a reflection of the cyclical strength of the market helps when dealing with support and resistance.

Well, I use stochastics exclusively in sideways movement (consolidation). In my experience, this is where the stochastic performs best, and its overbought and oversold conditions provide filtering of entries from p/s. The stochastic has many tricks, described in the articles of its creator, George Lane.

For example, Stochastic RSI is good in the overbought/oversold zone at the 2nd successive top, which is slightly lower than the first, with moderate sideways price movement:

And there are a lot of such tricks. There are “hooks” that it forms under certain conditions, but divergence is generally a powerful tool. This way the indicator will become a whole world that you build into your system.

Only after gaining many hours of experience will you be able to say that yes, this is an excellent “turkey,” as traders jokingly call indicators.

Binary options without indicators

Is it possible to work with binary options, and even Forex, without indicators at all? Undoubtedly. Have you forgotten that the charts are just price movements? This is just a column of numbers, and a graph is their visualization. You can predict price movements using simple lines and graphic figures.

However, many people forget that Japanese candlesticks are also an indicator. Therefore, when we use candlestick combinations, we use, so to speak, a base level indicator.

And of course, I gradually incline everyone on the site to indicator-free trading, be it price action or the foundation in the form of the Dow Theory and support/resistance. My work schedules often look like this:

Non-indicator trading involves extensive use of:

• technical and fundamental analysis;
• candlestick patterns, figures, their combinations and behavioral models;
• moving averages as an alternative to trend lines.

At its core, indicator-free trading helps you understand the essence of markets and teaches you to perceive their movements without numerous crutches.

Choose your indicator

So, let's summarize. There are tens of thousands of indicators, and they all show the past by structuring old data. Therefore, there is no need to sort through hundreds and thousands of them. You just need to choose your favorite indicator, thoroughly study its operation in different market conditions and integrate it into your trading system. This way you will get an excellent working tool.

If you fanatically enter on the arrows of any indicator, forgetting about technical analysis, Dow theory, news and other trading elements, you will be disappointed. So take indicators soberly - as an additional assistant, one of the elements of your trading system, which is patiently created for yourself.

There is no need to rely on the indicator as a magic wand. He does not work and cannot work in this capacity. This is just an assistant, sometimes useful, but often there is no need for it.

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