The current image shows Binance's trading screen without set charts.
In fact, even in this form, it is not bad.
Ultimately, candles, trading volume, and moving averages are already set.
However, there are users who want to add other indicators to develop new strategies.
Therefore, even though some try to set them themselves, it does not turn out to be that simple.
Today, I will show you how you can easily set up charts on Binance.
Binance chart settings
First, log in to Binance on your computer.
The reason is that in the mobile version, adding indicators is limited.
So even though it may seem complicated, it is better to use a PC for more accurate trading.
Next, go to the futures trading display and select Indicator.
Then add the indicators you want.
However, beginners often struggle to decide which indicators to use.
Therefore, in this article, I will show the two simplest indicators that are easy to apply.
If you have not yet registered on Binance, we recommend doing so through the link below. Registering through the link gives a 20% discount on trading fees.
🚩 You get a 20% discount on Binance fees
Even existing users can get a 20% discount if they meet the following 5 conditions.
The invited person is already registered on Binance.
The invited person has never accepted an invitation before.
The invited person's account has not traded or used products on the Binance platform in the last 180 days.
When the eligible guest opens the link and logs in, a confirmation window will appear.
When the invitee clicks [Bind Now], the commitment will take effect.
Bollinger Bands
The first indicator is Bollinger Bands.
It was created by financial analyst John Bollinger.
The yellow lines above and below the candles show the area where the price is expected to be with 95% probability.
The formula exists, but we will skip the math and move on to practice.
When the area expands sharply and the price rises – it is worth buying.
When candles break the upper limit – it is worth selling.
But this indicator does not guarantee 100% accuracy, so caution is needed.
RSI
The second indicator is RSI (Relative Strength Index).
It compares the strength of price movements upwards and downwards.
RSI is simpler than Bollinger Bands, so I recommend it for beginners.
On the weekly chart: RSI ≤ 40 → undervalued, RSI ≥ 60 → overvalued.
On the hourly chart: RSI ≈ 25 often indicates a local bottom.
You can also use the Fear and Greed Index. Fear ≤ 30 → buy, Greed ≥ 85 → sell in parts.
Today we looked at Binance's 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 article.