Free Indicators to use Pocket Option

Free Indicators to Use with Pocket Option

When it comes to successful trading, having the right tools in your arsenal can make a significant difference. In this blog post, we will discuss four free indicators that can help you achieve trading success on the Pocket Option trading platform. From the popular RSI and CCI indicators to Moving Average and the super trend indicator, let’s explore how these tools can enhance your trading performance.

RSI Indicator

The Relative Strength Index (RSI) is a widely-used momentum oscillator that measures the speed and change of price movements. This indicator helps you identify overbought and oversold levels in an asset, enabling you to make informed trading decisions. A reading above 80 suggests overbought conditions for quick trading, while a reading below 20 indicates oversold conditions. By utilizing the RSI indicator, you can better understand when an asset might be due for a price reversal, and thus, seize profitable trading opportunities. Some of our traders used this combination with the help of Binary Sniper Pro indicator.

CCI Indicator

The Commodity Channel Index (CCI) is another useful tool in a trader’s toolkit. It measures the variation of an asset’s price from its statistical mean. With the CCI indicator, you can identify potential price reversals and divergences, offering early indications of potential entry and exit points in the market. By effectively using the CCI indicator, you can improve your trading accuracy and capitalize on profitable trends.

Moving Average

Moving Average is a fundamental indicator used to smooth out price fluctuations, allowing traders to identify trends more easily. By calculating the average price of an asset over a specific time period, the Moving Average indicator helps you filter out noise and focus on the overall direction of the market. Traders commonly use the crossover of different Moving Averages to generate trading signals. Whether you prefer a simple, exponential, or weighted Moving Average, this indicator can provide valuable insights into market trends.

Super Trend Indicator

The Super Trend indicator is a popular technical analysis tool that provides insights into the market’s direction and potential reversals. It effectively combines elements of trend-following and stop-loss techniques, helping traders identify optimal entry and exit points. The Super Trend indicator visually depicts the market’s trend on the price chart, making it easy for traders to understand and act upon. By integrating this powerful tool into your trading strategy, you can enhance your profitability and minimize risk.