MichaelGfx

Binary Troopers [Blu4X]

This indicator works best for Binary Options trading on M1 and M5 charts. It is not intended for traditional forex trading.

For typical trading setups you can try the following:
For M1 chart you can trade with 2mins expiration time at the close of the signal candle
For M5 chart you can trade with 10mins expiration time at the close of the signal candle

Backtest on other timeframe and expiration times.

The coloured EMA is set to 50 by default but you can change it can be user defined.
Blue = bullish trend
Orange = bearish trend

You will get CALL and PUT signals but they must not be taken blindly. Use market structure to determine what setup you should go for next.
BUY = Call
SELL = Put

When candlesticks are above the 50 EMA , the trend is bullish
When candlesticks are below the 50 EMA , the trend is bearish

It is also recommended if you want to use signal alerts, to set them for "At the close" of the signal candle.

Main features:
1. CALL/PUT signals
2. Coloured EMA for trend direction
3. Set alerts

Protected script
This script is published closed-source and you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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