Binary Options Traders’ Choice
Traders’ choice bars are indicators used by many brokerages on their trading platforms to give option traders an idea of how the trading community as a whole is treating a particular set of binary options.
In binary options trading, each asset trade has only two choices: Call (Up) or Put (Down). In other words, you are either betting that the asset will rise in value or will fall in value before expiry.
A traders’ choice bar is an indicator located on some user interfaces in the market that tells you what the market is doing as a whole. The indicator is most commonly expressed in a percentage for each of the two binary options. For example, it may say that at this moment, 57% of traders are placing Call options, and 43% are placing Put options.
This could apply to the market at large for a particular trading day, or could refer to binary options trading on a particular asset. Either way, it is a visible way to gauge overall market sentiment at any given time, and delivers a snapshot of popular activity for a binary options platform.