Summary Indicator: fast analysis, good profits
- VFX Blog
- For beginners
Setting a large number of indicators on a chart is one of the most common mistakes of novice traders who want to understand how binary options signals work. Ten Moving Average, five oscillators and two-volume indicators do not add accuracy to signals. With short-term options, there is no time to keep track of everything; you need to make quick decisions. The "Summary" indicator from vfxAlert can help with this.
Indicators of this group show the current market movement and the balance of power of buyers/sellers in the form of a scale. The «warmth» of the color of the scale, the stronger the trend or open interest. Arrows can be used instead of a scale.
The strength of the trend, the volume of open interest, is determined by the "heat" of the color indicator scale. Look at the examples: