If you answered yes to the question, we have something for you!
Meet the Incredible BinaryBook Trend Analyzer- the smart trading calculator that will help you trade more easily.
What does the Trend Analyzer do?
The BinaryBook Trend Analyzer is found on the classic binary options trading tool and can be easily located with the ‘magic wand’ symbol on the left of the trading platform.
This trading calculator uses three impressive and proven technical tools, namely the Relative Strength Indicator, the Moving Average and the Bollinger Bands, to calculate the
Why use the Trend Analyzer?
It is free and a fully automated system
It allows you to judiciously place transactions instead of
It also permits you to determine the effectiveness of a
It makes use of the most sought-after and reliable
It saves you time by formulating its own analysis instead
of you scanning charts
It helps you become more conversant with technical tools
The Trend Analyzer is definite must-have tool but it will be good to get acquainted to the technical it uses to study asset movements.
Here are the Three Technical tools:
Relative Strength Index (RSI) Indicator
The Relative Strength Index indicator is normally used to compare the magnitude of gains and losses so as to calculate whether an asset’s current condition is overbought or oversold. The RSI ranges from 0 to 100. The main levels used in order to estimate the current situation on an RSI ranges from 70 to 30. If ever the RSI reaches below the 30 level, the market is considered overbought and when the handle is found above the 70 handle, the market is considered oversold.
The Bollinger band refers to a particular pair of trading bands which are represented along a chart with an upper and lower trading range, giving more indication towards current market price fluctuations. Bollinger bands can be used in order to indicate trend reversal as well, as they normally show sharp or low moves along the charts and contract or tighten signaling a trader when he should enter or exit a market.
Simple Moving Average (SMA)
Moving Average is widely used to remove excessive data from random price fluctuations. A simple calculation is used in order to determine price fluctuations, which is, adding the closing price of an asset for various time frames then dividing the reading obtained by the number of time frames used.
Calculations based on short term analysis averages, change quickly pertaining to the price of the underlying, while long-term averages are slow to react. Many traders wait for the crossover period in order to signal a possible uptrend on the chart.
How to use the Trend Analyzer?
The BinaryBook Trend Analyzer is found on the classic binary options trading tool and can be easily located with the ‘magic wand’ symbol on
the left of the trading platform.
This trading calculator uses three impressive and proven technical tools, namely the Relative Strength Indicator, the Moving Average and the Bollinger Bands, to calculate the asset tendencies. Choose any of the three strategies.