How to set up technical indicators and drawing tools

Nadex charts are the most relevant ones to use when trading on our platform. They are clear, user friendly, and highly customizable – in this tutorial, you’ll learn how to:

• Select and populate charts for your chosen markets

• Apply technical indicators and use drawing tools

• Customize charts and save layouts

You’ll get a great overview of our charts so you can find your way around them in the Nadex platform. For an introduction to our trading platform as a whole, why not take a look at our platform walkthrough?

Tutorial video summary: technical analysis and Nadex charts

In this video, you'll learn how to use technical analysis and leverage the robust functionality of Nadex charts.

Step 1: log in to your Nadex account

Then choose one of the three trading products: binary options, call spreads, or knock-outs. Click on one of the market classes, and select an expiration option. We chose:

• Binary options

• Forex

• Euro/US dollar

• Daily

Step 2: choose a contract

This will populate a price chart and bring up an order ticket.

Step 3: customize your chart

• Make it larger: click on the ‘markets’ icon in the upper left-hand corner, or the double blue arrows.

• Adjust the time interval: use the dropdown menu in the upper left-hand corner, or type a number between one and five and hit ‘enter’.

• Choose your date range: select from the dropdown menu under the date range icon.

• Zoom in or out: hover your mouse over the prices on the right-hand side and scroll. If you click and drag, you can expand or condense the price range. You can also use the toggle buttons at the top of the chart.

• Move your chart up and down. Click and drag on the center of the chart – the ‘latest price’ play button will re-center it around the most recent price.

• Choose your display – the ‘show’ icon allows you to add indicators, drawings, open positions, and working orders.

Step 4: carry out your technical analysis

• Populate the chart with pre-built technical analysis tools – select from the ‘indicators’ dropdown menu. Hover over the ‘i’ icon to see additional educational information.

• Use drawing tools – draw your own support and resistance levels, trend lines, channels, or Fibonacci retracement overlays with just a couple of clicks.

Step 5: save your favorite chart layouts

Right-click on the chart – this brings up a menu displaying all customization tools. You can save a layout by clicking ‘save as’ on this menu, and then giving it a name. You’ll be able to quickly apply your settings to any chart by clicking ‘apply’ and choosing a saved layout.

And there you have it. You can now set up charts your own way, getting you into the exciting action of Nadex prediction markets.

Explore the power of Nadex charts

Create a Nadex demo account. You’ll get $10,000 in virtual funds to practice trading and find chart set-ups to suit you.

Want to learn more?

• Explore new Nadex chart features.

• Learn about the indicators you can apply to your charts with our introduction to technical analysis.

• Watch our tutorial on placing an order – the next logical step after analysis.