The White Arrow
by FX Invest Fund
A Binary Options Directional Indicator
Just so that we are clear - this is only an Indicator, meaning it will indicate the possible direction of future price - use at own risk.
"Make sure to check out my thread about The White Arrow Expert Advisor here"
I've developed this indicator to help identify entry positions for short term options. It use a combination of technical indicators and volume to determine entries.
Combined with basic price behavior analyses and avoiding major news release this indicator is pretty accurate.
At this stage I do not have a definite strategy to give you, but I'm currently using it on the M5 chart with 15 minute expiry options.
The Arrow will paint at the open of the entry candle and trail the high/low of the candle.
Once the candle close the arrow will stay static. It will NEVER re-paint, meaning it will NOT jump candles.
Update 29 July 2016:
An updated version is in the making called "TheWhiteArrow".
It will signal a possible trade at the open of the candle. For a CALL option the current candle must close DOWN to be valid, which will be confirmed by The White Arrow. If a CALL signal has been received and the candle close UP the Arrow will disappear and no trade must be taken.
ITM Zones Indicator Real IQ Option Account (Free Download)
The opposite is valid for a PUT signal.
The White Arrow can now be downloaded here
This indicator and future releases will be made available for Free.
Please support me by opening a new account at StockPair- www.fxinvestfund.com/stockpair/
StockPair is also my recommended broker, because they offer flexible expiry options including the 15 minute one that I feel is great.
They also have a great reputation in the market and is EU Regulated.
Open your StockPair account here
min deposit is $250