The current picture shows the Binance trading window without configured charts.
In fact, it is not bad in this form either.
After all, the candlesticks, trading volume, and moving averages are already set up.
But there are users who want to add additional indicators to create new strategies.
Therefore, some try to configure it themselves, but it turns out not to be so simple.
Today I will tell you how to easily set up charts on Binance.
Binance chart settings
First, log in to Binance from a computer.
The reason is that in the mobile version, the option to add indicators is limited.
So even if it seems impractical, it is better to use a PC for more precise trading.
Then go to the futures trading window and select Indicator.
Then add the necessary indicators.
But for beginners, it is difficult to decide which indicators to use.
Therefore, in this post I will show two of the simplest indicators that are easy to use.
If you have not yet registered on Binance, we recommend doing it through the link below. Registering through the link gives a 20% discount on fees.
Even existing users can get a 20% discount if they meet the following 5 conditions.
The invited person already has a registered Binance account.
The invited person has never accepted an invitation before.
The invited person's account has not traded or used Binance products in the last 180 days.
When the invited person opens the link and logs in, a confirmation window appears.
When the host clicks on [Bind Now], the binding takes effect.
Bollinger Bands
The first indicator is Bollinger Bands.
It was created by financial analyst John Bollinger.
The yellow lines above and below the candlesticks show the range where the price is located with 95% probability.
The formula exists, but we skip the math and go straight to practice.
When the range expands significantly and the price rises – it is worth buying.
When the candlesticks break the upper limit – it is worth selling.
But this indicator does not guarantee 100% accuracy, so caution is required.
RSI
The second indicator is RSI (Relative Strength Index).
It compares the strength of price movement up and down.
RSI is simpler than Bollinger Bands, so I recommend it for beginners.
On the weekly chart: RSI ≤ 40 indicates undervaluation, RSI ≥ 60 indicates overvaluation.
On the hourly chart: RSI ≈ 25 often indicates a local bottom level.
You can also use the Fear and Greed Index. Fear ≤ 30 → buy, Greed ≥ 85 → sell in parts.
Today we looked at Binance chart settings and two indicators — Bollinger Bands and RSI.
If you have not yet received a 20% discount on fees, remember to use the link in this post.