osman wrote: ↑
Fri Aug 07, 2020 12:29 pm
shaileshm wrote: ↑
Sun Sep 15, 2019 2:10 am
Let us start with two zone type indicators. These type of indicators are my favorite. Both these indicators were made by a user called MTH2014 (on a different forum). He is a retiree from that famous place, and is one of the highest taxpayer in his country. All his indicators are excellent but unfortunately usually not too easy to use.
This first indicator is a supply – demand indicator. For binary options its possible to use only this indicator and be profitable. There are lot of display options including the weak – strong, fib levels , retouch etc. I find this one too good for a free indicator.
The second indicator is called as wing-ding indicator. He made it using his own ‘median price theory’. I only partially understand the theory, but these zones should be seen as 'attractors' i.e, where price will eventually swing back to.
HI.if u don't mind can u give some explanation about these two indicator,especially how you apply this for your trading..thank you.
The supply demand indicator are where the big orders are supposedly sitting and prices are expected to make sharp reactions. There is a pelthora of different strategies with it.
The second wing ding indi are like price attractors. Those are the regions where price will eventually return to. So those regions should be your takeprofit levels. For binary options I when i saw a price starting to make a sharp move , i would see if there is a enough gap between the price and the level to decide the expiry and trade. I found it useful for toh,boh, marketopen-close, eod,eow type moves especially.