The best indicators for Quotex trading

Quotex is known for providing free demo accounts as practice arenas for trading. However, along with free demo accounts, you can use the charting features with indicators and tools for drawing on charts, such as Japanese candlesticks.

indicators for quotex

This feature is specially made for the traders to help them mark winning strategies over the chart. Here, in this article, we’re going to discuss the best type of indicators for Quotex and oscillators that are presented as an additional part of the platform. Read below to know more.

➨ Sign up with Quotex for free now!

(Risk warning: Trading involves risks)

Indicators and oscillators for Quotex

The charting feature is an added feature to the Quotex platform as it allows traders to make decisions according to the constantly-changing market and win trades for huge profits. In addition, there is no need to move and change windows to see the trend and analyze market fluctuation. Instead, you can do both of these things simultaneously on the platform.

Some of the notable indicators available on this unique trading platform are:

Bollinger bands

Bollinger bands are shaped as envelopes that are then plotted on the standard deviation level at a higher and lower level of the moving average. They are basically price envelopes that denote the upper and lower price levels. Since the bands’ distance is adjusted according to the standard deviation, it adapts to the swings of the volatility of the price.

quotex bollinger bands

Since they are used in pairs, the bands are used as signals for confirmation of other indicators. On the chart, when the bands are tightly close to each other when there is low vitality, a sharp price becomes highly probable to occur, which means that more money can be gained from this.

However, sometimes prices may also move from the bands as the trend starts to get strong. But if the prices move back simultaneously, then it shows that the strength is very low.

If you see the bands move because of an enormous amount, then that shows that a trend is ending and volatility is increasing. This is basically showing that the market will fluctuate a lot.

Moving average

It is an easy but technical tool used for analysis. Moving averages are calculated to identify the direction of market trends or stock direction to inquire about the resistance levels.

It is also known as a lagging indicator since it works based on the prices from the past. 

Moving averages are customizable as the investor can select the time frame according to their choice. However, there is no right time when you are setting up your moving average.

quotex sma

You can also use this indicator at demo accounts and practice using it to understand it better.

A moving average is not just a statistical tool but also something that can see the changes in a data series over different time frames. As technical analysts, they see the prices and gauge the trends moving upwards or downwards that show a decline in the price movement.

For example, the EMA or the Exponential Moving Average is another type of moving average beneficial for traders who are going to trade for a short period of time. It is calculated by balancing the prices and giving equal importance to all the prices involved.

Best binary broker:
(Risk warning: Trading is risky)

Quotex - Trade with high profits

123455.0/5

Quotex - Trade with high profits

  • Accepts international clients
  • Min. deposit $10
  • $10,000 demo
  • Professional platform
  • High profit up to 95%
  • Fast withdrawals
(Risk warning: Trading is risky)

Keltner channel

Keltner channels are bands based on the market’s volatile nature. These bands are placed graphically on both sides of the asset price, and then the direction of the trend is determined.

These channels make use of ATR or the Average-True range, also known as volatility which can break in any direction with a barrier informing of a continuation.

quotex keltner channel

Bollinger bands are better since they can filter out the unnecessary gibberish and work within a market range as opposed to the Keltner channel.

➨ Sign up with Quotex for free now!

(Risk warning: Trading involves risks)

Awesome oscillator

A.O. is used to determine the market’s momentum and see the trends move to see how they will reverse. It compares the current rates of the market with the new ones.

quotex awesome oscillator

It is excellent for technical analysis as it takes available oscillators and sets their calculations to balance them out. For example, an awesome oscillator calculates the 34-period difference and the five-period simple moving averages.

MACD

MACD stands for Moving Average Convergence Divergence, which is a momentum indicator that overlooks the trends and establishes a relationship between 2 moving averages of price.

quotex macd

MACD is basically indicators that are interpreted in different ways by using methods such as crossovers, divergence, and market fluctuations. It triggers signals when they cross above or below the line. Moving average convergence divergence is helpful for investors as they can understand the movement of price and whether it’s weak or strong.

However, one limitation of divergence is that it may show a reverse signal that might not have happened in the actual market, giving a false result. 

Stochastic

A stochastic oscillator is basically an indicator of momentum which compares the closing price to the range of prices at a specific time frame. If you adjust the time or take the moving average, then you can adjust the sensitivity of the oscillator in comparison to the market movements.

quotex stochastic

It came out in the 1950s and then slowly got famous as a momentum indicator in trading charts. They are responsible for forming oversold or overbought signals. However, they also depend on the past of the asset’s prices.

The indicator is used by only professional traders who know how to do technical analysis. It also helps to improve the accuracy in trading as well as looking out for the profitable exit and entry points.

The most important rule for a stochastic indicator is that prices may move upwards in an upward-moving market. In contrast, a downward market will see low prices or prices moving downwards. If there is no closing price that goes from low to high, then it means that the momentum is getting slow.

➨ Sign up with Quotex for free now!

(Risk warning: Trading involves risks)

Oscillator

As a technical analysis tool, it takes two values on the extreme ends and forms high and low bands between them, and add an additional trend indicator to fluctuate between them. This is quite useful for traders as they can discover the oversold or overbought situation in the trends.

quotex oscillator

If the oscillator value is extreme on the upper side, then it means that the asset was overbought. Similarly, if the deal falls on the lower extreme, then technicians formulate that this asset was oversold.

According to analysts, oscillators are most beneficial when a trader wants to find a clear trend in the stock price of a company. These indicators would start to look similar to each other even though the indicator is used with another. But using both indicators together helps in knowing the entry and exit points easily.

This indicator also makes out how the experienced traders move in and out through stocks as compared to an average trader.

Is Quotex legal and safe to use?

Yes, Quotex is a legal and legit platform for trading in Binary options and is registered at the IFMRRC as a registered broker with a genuine address. The license obtained from the International Financial Market Relations Regulations covers compensation of money for members who have invested instead of their customers regarding violation of the license and inability to pay.

Quotex broker

However, no government financial regulator complies with the digital brokers as most of their activity is held online. In addition, Quotex does not follow any government financial regulations.

As a result, most of the digital brokers are online and do not use government regulation but have a license from the IFMRRC.

In addition, deposits and withdrawals of Quotex are quite fast and are safe as well. Since it is quite important for traders to have the most secure platform as people are dealing with financial products and private information, Quotex provides such a platform with no scam or fraud as you would expect from an online forum. 

Also, there are no negative reviews related to Quotex, and most of the reviews are positive, claiming that Quotex is a trustable platform. In addition, the payment methods are secure and recognized as the famous methods that are used for withdrawal as well as a deposit.

Get a free deposit bonus of 50% at Quotex with our promotion code “bobroker50

You can only use this bonus code by signing up via our website.

➨ The best broker: Sign up for your free Quotex bonus!

(Risk warning: Trading involves risks)

Conclusion: Indicators for Quotex

Every trader, new or professional, requires a trusted platform that can keep their private information and financial record safe from illegal activities. 

Quotex is one of the most outstanding brokers at this time because of the fantastic features it provides. Not only do you have to give a minimum of $10 as investment, but you can also trade using this money and actually gain profit from this tiny amount too.

quotex trading

By unlocking unique features such as demo accounts and copy strategy techniques, you have the most unique and excellent trading journey. Moreover, use the web or the app so that you can trade from anywhere in the world since it is available in 249 countries. With some of the best indicators and oscillators, maximize your profit gains and make the most from this trading experience. Open a Quotex account now and make profits by using these indicators and oscillators that can help you excel at trading.

➨ Sign up with Quotex for free now!

(Risk warning: Trading involves risks)

About the author

I am an experienced Binary Options trader for more than 10 years. Mainly, I trade 60 second-trades at a very high hit rate.

Write a comment

What to read next