Price Power for Binary Option (BO) by MrTuanDoan — Indicator by MrTuanDoan

oscillator trendanalysis movingaverage binaryoption reversal

Idea was developed from Price's Power (inno14).
This indicator is only used for Binary Option (BO).
Rules for Signal Candle:
- Close to Bollinger's Band
- Price Power is losing its strength (compare with previous powers)
- Price Power is about crossing down/up middle line
- DMI Extension show SELL signal

How to enter:
- Enter the next candle.
- Expiration: the length of current time frame.
- Rollover once if needed

Note:
- Always use it as an extra confirmations from your setup
- Always use it with risk management

Good luck and happy trading.

I'm happy to help you improve your trading.
Telegram: @MrTuanDoan

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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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