The indicator for binary options Trend Direction is designed to determine trend and flat areas on the chart of a financial instrument . It can be used as a signal filter for opening trades following a trend, and as an independent technical analysis tool.

A developed system of built-in alerts will not allow a trader to miss a signal to open a transaction, and the reliable oscillator underlying it will warn against trading in a flat. However, the developers keep its name secret and ask $37 for their development. In this review, we will find out whether this tool is worth the money and on what principle it works.

There is no doubt that it can be equally successfully used in Forex trading and the binary options market. You don't need any experience to use it. And this circumstance makes Trend Direction very attractive for beginners, who can download it from our website for evaluation purposes absolutely free.

Content:

trend direction chart

Characteristics of the indicator for binary options Trend Direction

● Terminal: MetaTrader 4 ;

● Timeframe: M15;

● Expiration: 3 candles;

● Types of options: Call/Put;

● Indicators: Trend Direction.ex4;

● Trading instruments: currency pairs , commodities, cryptocurrencies , stocks;

● Trading time: 8:00-20:00 Moscow time;

● Recommended brokers: Quotex , Pocket Option , Deriv , Binarium .

Installing the indicator for binary options Trend Direction

The Trend Direction indicator is installed as standard in the MetaTrader 4 platform. To do this, you need to add it to the root folder of the terminal by selecting “File” in MT4 and then “Open data directory”. In the directory that opens, you need to go to the “MQL4” folder and then to “Indicators”, and then move all the files there. Templates are installed in exactly the same way, but are placed in the “templates” folder. For more detailed installation instructions, see our video:

Review and settings of the indicator for binary options Trend Direction

The indicator for binary options Trend Direction belongs to the classic “basement” oscillators located under the chart of a trading instrument. With its help, it is very easy to visually identify flat zones and areas of unidirectional price changes - a trend.

signals in trend direction

As can be seen on the previous slide, the flat zone is highlighted in light gray (Flat), while the downtrend is highlighted by bars of red and dark red (Trend Down), and the uptrend is highlighted in blue (Trend UP). Everything is simple and very clear. Beginners will definitely appreciate it.

The parameters of this trader assistant consist of three main blocks:

  • Basic settings;
  • Visualization;
  • Notifications (alerts).

settings in trend direction

Basic indicator settings for binary options consist of the following parameters:

  • Bars Count – the number of candles (bars) on which the indicator readings are displayed;
  • Period – selection of the oscillator calculation period;
  • Start Flat After Bar - the number of candles (bars) skipped after the end of the trend, before drawing the flat.

setting color in trend direction

In the visualization block, the user can customize the color scheme and appearance of the oscillator:

  • Color – contains 4 color palettes: automatic (Auto), on a black background (On Black), on a white background (On White) and manual setting (Manual), when selected, the color setting of each element is activated;
  • Floor Color – if you select the “Manual” mode for Color, sets the colors of areas of flat, trend, price growth and decline;
  • Histo Width (0 - Auto) – select the thickness of the histogram (if you set this parameter to 0, the width will be selected automatically).

setting signals in trend direction

The alert settings in this indicator are very diverse and will certainly appeal to many traders:

  • Alert allows you to enable (On) and disable (Off) messages, as well as set their display modes: only for buy signals (Only UP) and vice versa - only for sell signals (Only DN);
  • Alert Work Time – sets the message schedule by hour and minute (default is 00:00 – 23:59);
  • Alert Pop Up – turns on/off the pop-up window;
  • Alert Push – enable/disable Push notification;
  • Alert E-mail – on/off. email notification;
  • Alert Sound – on/off. sound notification;
  • Alert Sound Name – select a sound alert file.

The signal to open transactions in the Trend Direction is a change in color (bars), which indicates a change in the exchange rate dynamics of the analyzed financial instrument. Bars colored dark gray indicate a trend, while light gray bars indicate a flat. As long as the market phase (trend or flat) does not change, the color of the vertical segments will also retain its color.

bars in trend direction

Trading rules using the indicator for binary options Trend Direction

The indicator for binary options Trend Direction gives quite a lot of accurate signals in conditions of stable unidirectional price movement of the traded instrument. In fact, it is not only capable of playing the role of a trend classifier, confidently separating areas of exchange rate growth and decline from trading in the range, but also generates a large number of signals for opening positions to buy (Call) and sell (Put).

In order to better understand the rules of trend trading, we recommend that you familiarize yourself with a selection of articles specifically devoted to this topic:

To make trades using the signals from the Trend Direction binary options indicator, you will not need to use any additional filters. Everything you need for trading is already included in this analytical tool.

changing the color of bars in the trend direction

To make money on falling prices, you need to wait until the color of the vertical segments in the center of the oscillator changes from light gray to dark gray and a red bar appears. At the opening of the next time interval, open the Put option.

signals in trend direction

To make money on growth, we act in the same way - we wait for a trend to emerge after a flat, as evidenced by the change in the color of the segments in the middle of the oscillator from light gray to dark gray and wait for a blue bar to appear. Then, at the opening of a new candle, we buy a Call.

Recommended expiration time is 3 candles. However, for a specific currency pair, the expiration time should be selected based on the results of backtesting and the timeframe used.

In order to increase the percentage of profitable trades, oscillator signals can be further filtered using various techniques and methods of technical analysis and pattern indicators for MetaTrader 4 .

Opening a Call Option

The color of the bars in the middle of the oscillator changed from light gray to dark gray (a trend has begun). A blue bar has appeared, which indicates the emergence of a price impulse for growth. At the opening of a new candle, open a Call.

signal to buy call option

Opening a Put option

The color of the bars in the middle of the oscillator changed from light gray to dark gray (a trend has begun). A red bar has appeared, which indicates the emergence of a downward price impulse. At the opening of a new candle, open Put.

signal to buy a put option

Conclusion

The Trend Direction binary options indicator is a universal and multi-level technical analysis tool that can complement any trading system. It will be appreciated not only by fans of turbo options and quick trades, but also by intraday Forex market traders who hold positions from several minutes to several hours.

In general, this development is worth the little money and is capable of generating quite a lot of effective signals that do not require additional filtering by various methods. However, for some currency pairs, signal filtering may still be necessary. Be sure to check the effectiveness of entry points and their profitability using historical data for a particular financial instrument.

General recommendation - when using this analytical tool in binary options trading, try to avoid price consolidations and flat areas of the market. Start with a demo account with a trusted broker , applying all the rules of risk management and money management . And only after receiving a positive result on virtual money, proceed to trading on a real account. We wish everyone a favorable trend!

Download binary options indicator Trend Direction

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See also:

How to make money on binary options

How do binary options brokers make money?

Top 5 Binary Options Trader Mistakes

Binary options trading platforms

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Трейдер БО
Трейдер БО
12980
Получается все внимание на подвал.
tirant, Это очень удобно, график свободен от разных линий. Можно что-то сигнальное поставить.
Трейдер БО, Хорошай выйдет комбинация: трендовый и сигнальный. Так и формируют стратегии.
Богдан, Согласен. Но нужны тонкие настройки.
16 May 2024
Answer
Богдан
Богдан
12922
Получается все внимание на подвал.
tirant , Это очень удобно, график свободен от разных линий. Можно что-то сигнальное поставить.
Трейдер БО , Хорошай выйдет комбинация: трендовый и сигнальный. Так и формируют стратегии.
02 May 2024
Answer
Трейдер БО
Трейдер БО
12921
Получается все внимание на подвал.
tirant , Это очень удобно, график свободен от разных линий. Можно что-то сигнальное поставить.
02 May 2024
Answer
tirant
tirant
12920 Получается все внимание на подвал.
02 May 2024
Answer
Option Bull
Option Bull
12910 Индюк интересный, по нему должно быть удобно определять фазы тренда, но пожалуй нужно обязательно протестировать перед тем, как принимать решение о покупке. А если уж покупать, то цена вполне приемлемая, учитывая что здесь не обязательно ставить доп индикаторы.
30 April 2024
Answer
Option Bull
Option Bull
12909
Прикол, а что нельзя было стрелку прикрутить, чтобы не втыкать в экран и не щуриться))) Вон сколько алертов в настройках))))))))
Олег Т., это да, особенно неудобно если зрение не очень или приходится торговать с телефона либо планшета, а так да - алерты это решение. Очень здорово что здесь в настройках есть целый блок посвященный настройкам алертов.
30 April 2024
Answer
Option Bull
Option Bull
12908
Не плохо, не плохо. Заслуживает достойного внимания этот инструмент, только одни настройки чего стоят по визуализации и оповещениям) шучу. А если серьёзно, то сюда ещё что-то дополнительно для фильтрации прицепить, например полосы Боллинджера, и пару скользящих, только вычислить при тестировании правильные настройки и получится отличная стратегия. Спасибо за новинку!
Владимир, да зачем все так усложнять этими индикаторами?!)) Он сам по себе вполне самодостаточный и по-хорошему не требующий какой-то обязательной фильтрации. Правильно написано в статье, что дополнительные фильтры могут понадобиться только при торговле высоко волатильными активами,
30 April 2024
Answer
Олег Т.
Олег Т.
12906 Прикол, а что нельзя было стрелку прикрутить, чтобы не втыкать в экран и не щуриться))) Вон сколько алертов в настройках))))))))
29 April 2024
Answer
Владимир
Владимир
12905 Не плохо, не плохо. Заслуживает достойного внимания этот инструмент, только одни настройки чего стоят по визуализации и оповещениям) шучу. А если серьёзно, то сюда ещё что-то дополнительно для фильтрации прицепить, например полосы Боллинджера, и пару скользящих, только вычислить при тестировании правильные настройки и получится отличная стратегия. Спасибо за новинку!
29 April 2024
Answer
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