The Noble Impulse Indicator is a signal-trend indicator for binary options that was originally developed for the Forex market. Because it generates trend signals in the form of arrows, it is compatible with any binary options trading method and any timeframe.
The Noble Impulse Indicator is a paid tool, sold on the author's website for $49, but you can download it for free from our website for review purposes.
Key Features of the Noble Impulse Indicator
- Terminal: MetaTrader 4.
- Timeframe: M1–D1.
- Expiration time: 5 candles.
- Option types: Call/Put.
- Indicators: NobleImpulseLicensed_Fix.ex4.
- Trading instruments: currency pairs, stocks, cryptocurrencies, commodities.
- Trading hours: 08:00–21:00 UTC.
- Recommended brokers: Quotex, PocketOption, Binarium.
Installing the Noble Impulse Binary Options Indicator
The indicator is installed using the standard MetaTrader 4 process.
MetaTrader 4 instructions for installing indicators:
Noble Impulse Indicator: Overview and Settings
According to the author, the Noble Impulse Indicator identifies impulse entry points — moments when the price is likely to move sharply up or down. Not every signal will mark such a strong move, however, so it is important to understand how trends work in the markets when using this indicator.
As mentioned above, the Noble Impulse Indicator is a signal-trend indicator. In addition to entry signals, it plots a trend line on the chart similar to a Moving Average. Yellow circles indicate a rising market, while dark pink circles indicate a falling market:
The indicator has very few settings — only alerts and color options can be configured:
With so few settings, it is difficult to determine what the Noble Impulse Indicator is based on internally. The most notable drawback is the inability to adjust signal sensitivity — there is no way to reduce false arrows during ranging (flat) market conditions, which can appear quite frequently:
False signals can also occur during strong trending moves:
For this reason, it is necessary to filter signals using technical analysis methods such as:
- Price Action;
- Candlestick analysis;
- Chart pattern analysis.
Additional filtering can also be achieved using support and resistance indicators, trend indicators, or any other indicators suited to binary options trading.
For example, the same strong-movement scenario can be approached using key levels:
As the image above shows, key levels help filter out false signals — only signals that form close to a level are considered valid. Other filters are applied in the same way.
Trading Rules Using the Noble Impulse Indicator
As discussed earlier, understanding how trends work is essential for using the Noble Impulse Indicator effectively, since the signal examples above clearly show that false signals occur regularly. It is therefore worth studying the following topics:
- How bullish and bearish trends work;
- What market phases are;
- What a ranging (flat) market is.
The trading rules themselves are straightforward, as the only inputs are the signal arrows, which are aligned with the trend circles. To open a Call option, wait for the green upward arrow; to open a Put option, wait for the dark pink downward arrow. Expiration time: 5 candles.
You do not need to watch the chart constantly, as the indicator includes alerts:
Signal Examples and Trading with the Noble Impulse Indicator
To illustrate how to combine the indicator with other filters, below are trading examples using a support and resistance indicator, Price Action patterns (Engulfing and Pin Bar), and the Head and Shoulders chart pattern.
Noble Impulse Indicator with a Level Indicator
We touched on the use of levels earlier; here we look at it in more detail. In this example, we use the Supply and Demand indicator, which marks supply and demand zones on the chart — in simpler terms, support and resistance zones:
As shown above, when the price is near a resistance level, only Put options are considered, since the price is more likely to reverse there. The same logic applies at support levels, where only Call options are considered.
Noble Impulse Indicator with Engulfing and Pin Bar Patterns
Price Action patterns are versatile tools that can be combined with any binary options strategy or indicator. As the image below shows, some signals can appear directly on a pattern, though more often they will appear after the pattern has fully formed:
Noble Impulse Indicator and the Head and Shoulders Pattern
Combining chart patterns with the Noble Impulse Indicator can be challenging for beginners, as signals may appear at any point during a pattern's formation. This approach is best left until you have gained some experience in binary options trading.
Traders who are comfortable with chart pattern analysis can explore using signals in conjunction with this formation:
Conclusion
Although the Noble Impulse Indicator is a straightforward tool, it can be used effectively when combined with appropriate filters. Whichever approach you choose, always test it on a demo account first. It is also well worth taking the time to understand how trends work.
Sound money management and risk management are equally important in binary options trading. Follow the principles of money management and risk management, and trade with a reliable broker — you can find our recommendations in the binary options broker ratings.
Download the Noble Impulse Indicator for Free
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