Disclaimer: It's just an example how to script arrows for binary option and I am not responsible for any loss of money by using this particular strategy.
I wish happy and successful trading! ;)
// Made by TheMightyChicken // An example of binary options signals with results - colored background of expiry candle. (green = WIN, red = LOSE) // Arrows set for bearish and bullish harami candlestick patterns. (credits to repo32) // Expiration set to 1 candle by default. study(shorttitle="BOA", title="Binary Options Arrows (example) [TheMightyChicken]", overlay=true) // Inputs E = input(1, minval=1, title="Expiry") // Calculations Bearish_harami = (close > open and open > close and open <= close and open <= close and open - close < close - open and open < open) Bullish_harami = (open > close and close > open and close <= open and close <= open and close - open < open - close and open > open) // Setups CALL = Bullish_harami == 1 PUT = Bearish_harami == 1 ARROW = CALL - PUT plotarrow(ARROW, colorup=lime, colordown=red, transp=0, minheight=10, maxheight=10) // Results WIN = (CALL[E]==1 and close[E]<close) or (PUT[E]==1 and close[E]>close) LOSE = (CALL[E]==1 and close[E]>=close) or (PUT[E]==1 and close[E]<=close) bgcolor(WIN==1 ? lime : LOSE==1 ? red : na, transp=70)
with strategy tester
I have this set to a 5-Minute Chart with 15 Minute Expiries.
I've changed the setting to read the 'wins' 3 Candles out (15-Mins) instead of the Default of 1 Candle (5-Min).
I also only trade (US related charts - mostly EURUSD) at the opening of the US Markets to their 'lunchtime' - so 4 hours of trading.
Go back and check out the ITM ratio!
Be SURE you've changed the expiry setting to '3'. Enjoy!!