Register OlympTrade Get $10,000 free to DEMO account
As a broker No. 1 in 2021, Olymp Trade continues to improve its services
One of the most important features of the IQ Option platform is the indicator. This indicator serves to help you analyze the movement of the value of an asset and its tendencies or trends. Traders who base their strategies on technical analysis will rely heavily on the existence of this indicator.
IQ Option provides a fairly complete indicator. There are dozens of different indicators that you can choose from through the IQ Option platform. Not only that, but you can also save indicator templates that you create yourself or use them as widgets.
Then among the many options offered, which is the best and most accurate indicator on IQ Option? Basically, the accuracy of the indicator depends on your ability to analyze it. Nevertheless, in this article we will discuss some of the most accurate IQ Option indicators.
If you are a beginner, you should first know where the indicator is. To access the indicator, you can click the indicator button located at the bottom left of the graphic. After that, you'll find a menu of indicator options categorized in popular categories, momentum, trends, volatility, moving averages, volume, and more. If you are a novice trader, it is worth choosing a popular category because it will be easier to find tutorials and discussions on the internet.
Moving averages are indicators that make it easier for you to view asset value charts. On the displayed chart, you will usually see quite frequent and significant ups and down patterns, especially on short-term trading. This can make it difficult for you to see the trend of moving its value.
The Moving Average refines the chart by taking its average. Thus, the direction of movement of the trend can be more clearly seen. You can also combine it with an oscillator and use it in your trading strategy.
One of the fairly well-known indicators is another version of the moving average. MACD uses two orange and blue stripes and green and red bars. There are different ways to use this MACD, for example by monitoring the movement of the blue line. If the blue line crosses the orange line upwards, there may be an uptrend signal. If the blue line crosses the orange line to the carry, it is likely to signal a downtrend.
RSI is a useful indicator to analyze when a trend reversal occurs. If this indicator increases to exceed 70%, it is likely that the value of the asset has reached its peak and will immediately turn downwards. If this indicator decreases to lower than 30%, it is likely that the value of the asset reaches its lowest point and will turn upwards.
This alligator is not a type of crocodile, but is an indicator of moving averages in three different time periods. Because it uses three periods of time, there will be three lines of different colors that at first glance look like crocodile mouths. Therefore, the lines are likened to part of the mouth of an alligator. The yellow line is the lips, the orange line is the teeth, and the red line is the jawline.
When the alligator's lips cross the tooth upwards, it indicates a Buy signal. When the alligator's lips cross the tooth downwards, it indicates a sell signal. Interesting isn't it?
Unlike most other indicators, the stochastic oscillator is not an indicator that follows the price of an asset, but rather follows the speed or momentum of the price. That way, this indicator can be more accurate in reading possible trend reversals.
Visually, this indicator consists of two moving averages and two horizontal lines. If the blue line crosses the red line upwards, a Buy signal is likely. If the blue line crosses the red line downwards, a Sell signal is likely.
You now know some of the most accurate indicators on IQ Option. You can choose these indicators according to your convenience and trading style. Each trader usually has his own tendencies and analytical techniques. If the indicators that have been provided are still not enough you can try other indicators or even modify existing ones.
Yes, IQ Option allows you to modify indicators to better suit you than the original settings. You can also combine them to create more specific and accurate indicators. An accurate indicator is one of the main capitals to be able to win on IQ Option. Happy experiments!
Open Demo Account Now and Get $10000 Free