Derivatives trading technology developer SpotOption is launching new statistical tools to allow technical analysis traders to develop trading strategies more easily.
SpotOption’s new indicators and oscillators consist of Moving Average, Relative Strength Index (RSI), Average True Range Technical Indicator (ATR), Moving Average Convergence/Divergence (MACD), and Bollinger Bands (BB).
The momentum indicators and oscillators for technical analysis serve as a retention tool for brokers, engaging traders to analyze the market in terms of trends and probability, chart quality judgement, and understanding volumes. These include all of the most popular trend identification signals that technical traders are used to applying with stocks and forex platforms.
“Brokers who license SpotOption’s technology should be able to equip traders with all the tools needed in order to make the most educated trades possible,” says Amir Vaknin, CTO. “SpotOption will continue innovating trading tools that position brokers as industry leaders, enhance their retention potential, and provide the best trading experience possible.”
In November 2016 SpotOption revealed that it successfully launched a Contracts for Difference (CFDs) trading platform. The new indicators can be accessed on the CFDs platform as well.
Last month SpotOption announced the successful launch of its MT4 plug-in, which integrates the company’s binary option offering with the existing MetaTrader 4 environment.