Disclaimer: It's just an example how to script arrows for binary option and I am not responsible for any loss of money by using this particular strategy.
I wish happy and successful trading! ;)
// Made by TheMightyChicken // An example of binary options signals with results - colored background of expiry candle. (green = WIN, red = LOSE) // Arrows set for bearish and bullish harami candlestick patterns. (credits to repo32) // Expiration set to 1 candle by default. study(shorttitle="BOA", title="Binary Options Arrows (example) [TheMightyChicken]", overlay=true) // Inputs E = input(1, minval=1, title="Expiry") // Calculations Bearish_harami = (close > open and open > close and open <= close and open <= close and open - close < close - open and open < open) Bullish_harami = (open > close and close > open and close <= open and close <= open and close - open < open - close and open > open) // Setups CALL = Bullish_harami == 1 PUT = Bearish_harami == 1 ARROW = CALL - PUT plotarrow(ARROW, colorup=lime, colordown=red, transp=0, minheight=10, maxheight=10) // Results WIN = (CALL[E]==1 and close[E]<close) or (PUT[E]==1 and close[E]>close) LOSE = (CALL[E]==1 and close[E]>=close) or (PUT[E]==1 and close[E]<=close) bgcolor(WIN==1 ? lime : LOSE==1 ? red : na, transp=70)
I have this set to a 5-Minute Chart with 15 Minute Expiries.
I've changed the setting to read the 'wins' 3 Candles out (15-Mins) instead of the Default of 1 Candle (5-Min).
I also only trade (US related charts - mostly EURUSD) at the opening of the US Markets to their 'lunchtime' - so 4 hours of trading.
Go back and check out the ITM ratio!
Be SURE you've changed the expiry setting to '3'. Enjoy!!
Please, I'd like to test these changes. Where should I change?
It all comes down to each persons trading style and the indicators THEY are comfortable with.
Me, personally, I have been using the Laguerre RSI, 1-minute chart, 2 minute Expiries. (I'm not a code-writer, unfortunately, but the Indicator is on TradingView.)
I set the RSI to .75 (not the default of .50) - wait for the RSI Line to drop to (0) or rise to (1).
When either of these occur, once the line 'leaves' this 0 or 1 status I put in a Call or Put in the opposite direction.
E.g. If the Laguerre RSI has been at 0, once it begins to rise (after Candle Close) I will CALL.
If the Laguerre RSI has been at 1, once it begins to fall (after Candle Close) I will PUT.
I only trade on the EURUSD and find this strategy, for me and my personal style, works comfortably.
You will find many different indicators here and you will also find the one you're confident with.
Good luck in your trades!