Offshore binary options brokerage Olymp Trade has expanded the services it offers via its self-branded proprietary trading platform with the addition of Heikin Ashi candles.
The Heikin Ashi indicator is drawn on the candle chart as another colored line and it paints candles on their formula, organizing them. It is a great tool for tracking the trend on the Olymp Trade platform. The formula according to which the candles are painted differs from the standard principle of display of Japanese candles on the platform. The main advantage of the indicator is that it smooths price fluctuations, making the chart smoother, clearer and easier to read.
The broker noted that Haikin Ashi better be used with other indicators when searching for entry points since the app lags price relative to the price chart.
Olymp Trade, set up in 2014, is a trading brand of Seychelles-registered online binary options trading service provider Smartex International Ltd. Its main market of operation is Russia. The broker is not regulated under any jurisdiction, but is an A-Category member of Hong Kong-based external dispute resolution (EDR) organisation Financial Commission (FinaCom), which ensures its clients access to up to $20,000 compensation in case of dispute.