Puzzling out the binary options’ charts in the actual practice is much easier than it may seem at the first sight. We will help visitors of our website to save the precious time and start trading quicker.
Binary options charts: features
So, in the top left corner there is a search window where you can choose the underlying assets. For example, a trader wants to view the situation in the market of the currency pair EUR/USD. For this, it is needed to type EURUSD in the search window, and confirm selection by pressing the Enter button. In a few seconds (depending up the Internet-connection speed of a visitor) the graphic display of the sought tool will appear. Benefits of this binary options tool lie in a fact that you can add several underlying assets to a chart at the same time, and it allows conducting the comparative analysis. For this, you have to click + on the right and type the name of the underlying asset that is sought.
The next thing you have to pay an attention to are the time scales. Traders can buy binary options with different expiration time. They can range from one minute to one year (depending up the conditions offered by a broker, as well as the trading style of a trader). For this reason, the binary options chart reading can be conducted on the different time scales. In order to select the timeframe (time scale) of your interest, it is needed to click the dropdown menu (arrow down) that is located on the right side from the window for searching of underlying assets. In a dropdown window we can see different time scales from one minute to one month (one minute, three minutes, five minutes, four hours, one day, one week, and one month). In order to choose the timeframe you need, you have to mouse over it and click the left button.
Binary options chart: indicators
The next dropdown window allows choosing the binary options indicators. For this, you have to mouse over the dropdown window and click the arrow down. In the appeared binary options’ indicators list it is needed to mouse over the auxiliary tool of your interest and click it with a left button. It is necessary to note that this binary options chart allows a trader to set several indicators at the same time. This is because complex binary options strategies, where two and more indicators can be used at the same time, exist. For this reason, this opportunity is a substantial benefit of a widget.
The next window can add indicators on a chart too. These indicators are the displaced moving averages, the stochastic, the Bill Williams indicator, and the moving average bands (or the envelopes). In order to choose these binary options indicators, it necessary to mouse over the window and click the arrow down. Then, in the dropdown menu you can mouse over the needed indicator and click it with the left button.
In order to compare several tools, you can use the next tab in the binary options chart that is called Compare. After clicking the arrow down, a trader can choose several underlying assets for the comparison by marking them with a check, or find the additional underlying assets.
Then, there are different types of charts in the binary options’ chart. You can select them by clicking the left mouse button on those a trader works with. If you need more types, there is a special menu on the right (that has an arrow down) which allows choosing other types of the binary options charts.
In order to make the chart’s visualization the most suitable for a trader, a trader can use the settings. In the settings it is possible to choose a color scheme, the type of a chart, the background, and the scale. In order to use the settings of the binary options’ chart, it is necessary to mouse over the picture of a gear and click the left mouse button.
On the right in a chart, there are the price levels, time scale is located perpendicularly to the price levels. You can find out a price level of the underlying asset at the certain time at any moment. In order to zoom in an image, it is necessary to mouse over the binary options chart and roll the mouse wheel up or down (as the visitor wants). Buttons for managing the image’s scale and for refreshing the chart can be found in its bottom.