BOW Indicator is based on the indications of several standard indicators, such as Bollinger Bands, EMAs and RSI. According to the developers, they developed a highly effective algorithm that takes into account the trend reversal, market fluctuations and outbursts, so you can avoid unnecessary losses and get a high-yield tool for binary options trading. Now a little more ...
How to use BOW Indicator
- Platform: Metatrader4
- Asset: Any currency pair
- Trading Time: Around the clock
- Timeframe: M1
- Expiry: 3 minutes (or 5 min)
- Recommended broker: Binary.com or iqoption
Rules of trade by BOW Indicator
BOW Indicator detects price reversals, and then confirms them using several methods. It also uses several filters to avoid false signals. When the indicator detects a change in the direction of the main trend, it will confirm this with the Stochastic Oscillator in overbought and oversold levels. This helps confirm that there is a trend reversal. As soon as all conditions are met, the indicator draws the arrow CALL or PUT on the chart. According to the developers, you should take the deal as soon as you see the signal - do not wait until the candle closes. Arrows of pink and turquoise color mean a stronger signal.
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