Volatility for Binary Options
The Volatility Mins plots a green histogram bar if price is moving more than “X” amount. The “X” is decided by using the strike width of the binary options. For example, the EURUSD 2 hour binary option strike width is 4 pips.
The indicator should always be used on a timeframe that matches the binary option expiration. For example, if trading 5 minute binary options, insert the indicator on the 5 minute chart. If trading the 2 hour binary options, insert the indicator on the 120 minute (2 hours) timeframe. If using the daily binaries, insert the indicator on the 480 minute timeframe for currencies (daily for indices).