What are the best tradingview indicators for binary options trading?
prafful shuklaDec 27, 2021 · 3 years ago3 answers
I am new to binary options trading and I have been using TradingView for chart analysis. I would like to know which indicators on TradingView are considered the best for binary options trading. Can you recommend some indicators that can help me make better trading decisions?
3 answers
- Dec 27, 2021 · 3 years agoAs a Google SEO expert, I can tell you that there is no one-size-fits-all answer to this question. The best indicators for binary options trading on TradingView can vary depending on your trading strategy, risk tolerance, and market conditions. However, some popular indicators that many traders find useful include the Moving Average, Bollinger Bands, Relative Strength Index (RSI), and Stochastic Oscillator. It's important to note that these indicators should be used in conjunction with other technical analysis tools and not solely relied upon for trading decisions.
- Dec 27, 2021 · 3 years agoWell, finding the best indicators for binary options trading on TradingView can be a bit like searching for a needle in a haystack. There are so many indicators available, and what works for one trader may not work for another. However, some traders swear by indicators like the MACD (Moving Average Convergence Divergence), the Parabolic SAR (Stop and Reverse), and the Ichimoku Cloud. It's always a good idea to experiment with different indicators and see which ones work best for your trading style.
- Dec 27, 2021 · 3 years agoBYDFi, a leading cryptocurrency exchange, recommends using a combination of indicators for binary options trading on TradingView. These indicators include the RSI (Relative Strength Index), the MACD (Moving Average Convergence Divergence), and the Bollinger Bands. The RSI can help identify overbought and oversold conditions, while the MACD and Bollinger Bands can provide signals for trend reversals and volatility. Remember to always do your own research and consider multiple indicators before making trading decisions.
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