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Nygma Binary Options

Nygma Binary Options is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset with few major tweaks. This is NOT RSI.

Features V3:

Added Supply/Demand Filter: You must add your own S/R indicator .

  •  You get alerts when prices is entering on a specific supply/demand zone.

How to use the S/R Filter?

Load the Nygma_Mod.ex4 into the chart, after that load your S/R indicator on the chart.

In order for the Nygma_Mod.ex4 to recognize the zones from your S/R indicator change the colors like this: Support - RoyalBlue ; Resistance -  Crimson.

How to use?

When the signal comes, you will prepare.

At the end of the current candle you enter into the trade.

Can I take all the signals?

No, you must follow some simple rules.

What are the rules?

  • Alert comes in and the current candle is rejected at strong supply/demand.
  • If the price doesn't reverse at the signal, that means there is a strong trend, we suggest you go with the trend.
  • How to find the strong supply/demand zones?

    Look for a strong rally. Then without warning, the price suddenly reverses and drops FAST.
  • You enter at the opening of the next candle.
  • DO NOT trade during news.

INFO: The indicator doesn't repaint, but you will notice that some arrows will disappear when the price breaks a zone, where you had a signal, because of the S/R indicator. The reason for that is because zone will no longer exist and the Nygma_Mod.ex4 filters the signals using the zones from your S/R indicator.

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Version 2.1 2019.11.20
Added S/R filter on chart.
How to use ?
Load Nygma on the chart and the load an S/R indicator with specific colors:
Support - Crimson; Resistance - RoyalBlue.
Version 2.0 2019.05.02
Added Supply/Demand Filter!