OPEN-SOURCE SCRIPT
Price Power for Binary Option (BO) by MrTuanDoan
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.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.