Binomo Platform Indicator Set

Published: April 1, 2016 Updated: July 28, 2022

The binary options market is currently at the peak of popularity and development, but even today it is difficult to find among the variety of trading software a platform that would allow you to apply for trading binary options technical analysis indicators. It is unfortunate, but the fact remains that market analysis with the help of indicators in binary trading often requires the use of third-party services. The exception is a few trading platforms, one of them is Binomo platformThe services of which include an indicator set, which we are now going to get to know in more detail.

Binomo Platform Indicator Set

The indicator set of the Binomo platform includes 4 indicators, the most popular in binary trading, which allow you to develop high-precision trading systems by combining indicators, as well as by changing settings of their work. But in order to use indicators in binary trading you have to know the peculiarities of their work.

 

Moving Average indicator

Moving Average or MA, in common parlance - moving average - is a trend indicator. It is based on an algorithm for calculating the average value of an asset over a certain period of time of price movement. It is usually used to determine the direction of the trend movements of the asset market, as well as the deviation of price quotes from the average indicators. This is a classic trend indicator included in many trading systems for binary options. It looks like a simple red line on a quote chart:

Moving Average indicator

 

MACD indicator

MACD - The moving averages convergence-divergence indicator is an amazing forecasting tool. It combines several indicators in its work: the strength of a trend movement, identification of overbought and oversold zones and price reversal points which often occur in these zones, and can also classically determine the direction of trend movements, and the choice of time interval of trend movement depends on the indicator settings. MACD indicator on the chart is presented in the form of two multi-period moving averages, which work as a trend indicator and histogram, which determines the strength of a trending movement. This indicator is very popular among beginners as a simple and effective analysis tool.

MACD indicator

 

Bollinger Waves Indicator

Bollinger Waves (Bollinger Bands) is a channel indicator. Its work algorithm also relies on multi-period moving averages with fine-tuning. It is a channel indicator that defines the limits of the price channel in which the base asset price fluctuations occur. It is represented on the chart as three lines. The extreme ones are the limits of the price channel, and the middle one determines the general trend direction, respectively the slope of the channel. Strategies based on this indicator are characterized by high efficiency and profitable statistics.

Bollinger Waves Indicator

 

Alligator indicator

Alligator - is the author's indicator of Bill Williams (the famous American trader), which needs little introduction, because of its incredible popularity, based on accuracy and efficiency. But still, what does it determine? Like all previous examples, it is a set of moving averages, which are configured to determine the reversal of the trend at the moment of the immediate emergence of such a reversal movement of market quotations. It is indispensable in binary trading, where the direction of quotes is of great importance for gaining profit from binary options trading. Alligator represents three lines of different color on a quotations' chart. But unlike Bollinger Waves it does not define channels, but only reversals of quotes and market areas where flat price fluctuations occur.

Alligator indicator

It cannot be said that the indicator set of the Binomo platform is distinguished by a large list of technical tools. But it contains really useful, effective and highly accurate indicators, which can and should be used in binary trading as components of trading strategies. In addition, the indicator set, which is present on this platform, allows you to refer it to the professional and advanced trading terminals, which can effectively affect the trading results.

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Reviews

  • These are basic indicators that every trader who wants to get the most out of binary options trading should use. In addition to that, do I need to buy additional indicators?

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  • You have to test everything yourself, because even if it brings good results to other traders, not the fact that you will succeed with exactly the same results.

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  • Good set as well as the article, everything is written correctly and to the point. I wish I had known about the broker listed in the article when I started trading binary options. It would have been so much easier for me to learn and practice.

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  • Thanks for the article about the gentleman’s set of indicators, it is written correctly and with sense. Has anyone worked with Alligator before, how does it behave now?

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  • How much has been said before about the Alligator, its advantages and use in trading. But I would advise to pay attention to MACD, because I find it very difficult to trade options without it.

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    • Dyumin Ivan 10 April 2016 в 19:04

      Everyone chooses the strategy he likes best. There's no need to complicate things for yourself and try to figure out what you don't understand at all. Everything here is very simple.

  • Unfortunately, there are no other indicators, which are also important. But all that is described here is suitable for the new trader. The newcomers should not fill their heads with a variety of tools, they are better to practice more.

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    • Vitoa an 8 April 2016 в 20:10

      And how can you practice when you have nothing to use? Whether you're a beginner or not, every trade should be confirmed by a signal, which is the only way to get it.

    • Agnessa Vertinskaya 10 April 2016 в 04:01

      Why not on anything? Even if you download the trading terminal, you'll find that there are a lot of built-in useful indicators and signals. The ones in the article are 100% working.

    • Vitoa an 10 April 2016 в 18:27

      I meant that many beginners, including me, started trading binary options without any indicators and it looked like an online casino, bookmaker bets, where only intuition is important, not knowledge.

  • A good basic gentleman’s kit for proper options trading. If this is your first time in the options market, this will be enough for you for the first time. You don’t even have to strain yourself and look for something, everything is already presented here.

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