While binary options charts allow you to conduct technical analysis, that is not the only approach you can take to try and interpret what is happening with a financial instrument. Along with the basic drawing tools mentioned above, you can add numerous different types of technical indicators to your binary options charts. If you use bars or candlesticks, I strongly recommend coloring the bullish ones green and the bearish ones red. This is a tool you can use to draw Fibonacci levels on your charts. Just select the asset you want to trade, and the relevant chart should open. Zoom in or out as you need in order to get a clear view of what is going on. You can use these to conduct analysis and look for trade setups. If the dots are over top, they are telling you to sell. The volatility is represented through the expansion and contraction of the bands. It can be used to visualize market trends, support and resistance. Now that your charts are set up, you are ready to start learning about the trend lines and visualization tools you can use to see what is going on with price.
Anytime the oscillator is over 80, it tells you that it is time to sell. Standard Deviation: This is a way to visualize the difference between closing and average prices, while also looking at volatility. Binary options charts show you what price has been doing over a certain specified time period. This is the key to making accurate predictions about what is likely to happen next. If you see it fall under 40, it is time to buy. And what is super awesome is that you can set audio alerts, so you can step away from your computer and be notified if any of them are triggered.
For currency pairs, I cannot recommend MT4 highly enough. Finally, one more useful thing to know is that many charting platforms give you the option to create templates.