NEW TRADING TOOL BY IQ OPTION: ‘TECHNICAL ANALYSIS’
Many traders use individual technical indicators to gauge market conditions but the new ‘Technical Analysis’ tool combines numerous moving averages and oscillators to produce a powerful dashboard type of trading tool.
To access the Technical Analysis feature on any of these forex pairs, simply click the small info button right below the instrument’s symbol (in the top left corner of the chart):
The Technical Analysis tool combines the readings of all its moving averages and oscillators and formulates a directional bias which is expressed as one of the following:
- Strong Sell
- Neutral Buy
- Strong Buy
This gives traders an instant indication of where the market is heading without even looking at a price chart!
The Technical Analysis tool can be used on numerous time frames and also contains information regarding different types of pivot points. What an excellent tool!