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Technical tools of the TradingView platform: more tools, more profit

Technical tools of the TradingView platform: more tools, more profit

Basic technical analysis tools continue to be profitable even when high-frequency trading (HFT) has taken over most of the market. Brokers are in no hurry to expand the list of instruments; in search of new ideas on how to make money on binary options, you have to use additional software.

Binary options signal service vfxAlert allows you to connect any broker. A set of tools usually looks like this:






There is a basic set of indicators and graphic elements, you can start trading. You cannot add a new one even if it is much more profitable than the "classics". Now let's switch to embedded charts from the popular TradingView platform:





A wide range of non-standard indicators, chart patterns, lines and trading assets. You do not need to exit vfxAlert. Let's see how it works.

TradingView strategy

The basic principle of the strategy: it analyzes the market using the TradingView indicators, only open a deal on the broker.


Type: 

Trend.

Timeframe:

Any in the range M1-M5. In our case, M1 is used, but with an increasing period of analysis, the accuracy of the signal an increasing.

Trading asset: 

Any currency pair. The main requirement is a fixed (2-3 points) spread and no hidden fees.

Trading time: 

All Forex trading sessions.

Percentage premium option: 

Not less than 70-75%.



The strategy uses two technical indicators that are not included in the basic set of most binary options platforms:

• Hull Moving Average (HMA) with 15 periods for M1 (fast) and M5 (slow) timeframes. The author is an Australian trader Alan Hull, who proposed to reduce the delay using instead of the actual value of the period price its square root. As the base average will be WMA, its system of weights adds accuracy binary signals. 

• Elder's Force Index (EFI). Measures the power behind a price movement using price and volume. The indicator can also be used to identify potential reversals and price corrections. The EFI is an oscillator that fluctuates between positive and negative values, above and below a Zero Line.

After installing the tools, the terminal's working window looks like this: