Special K indicator on IQ OptionToday we will discuss a momentum indicator designed by Martin Pring. It is known as the Prings Special K indicator. Indicators are technical tools that help traders get better results.

Key TakeawaysπŸ”‘

β†’Prings Special K indicator helps traders identify trend reversals and improve their trading results.
β†’This indicator combines short-term, intermediate, and long-term timeframes into a complete series for more accurate analysis.
β†’Practice using the Prings Special K indicator in a demo account before implementing it in your live trading strategy.

Prepare your chart

First, you should log in to your IQ Option account. After you decide what financial instrument you are going to trade during the session, click on the indicators icon. You will find it on the left side of the platform. Go to the Momentum group of indicators and then find the one you need. In our case, this will be the Special K.

inserting Prings Special K indicator on IQ Option platform
How to insert the Special K indicator on the IQ Option platform

Prings Special K indicator basics

With the Prings Special K indicator, a trader will be able to recognise trend reversal and enter the trade at the right time to get the best profits.

The Special K is an indicator that combines multiple time frames, short-term, intermediate and long-term, into a complete series. Different weighted averages are taken in calculations of the Prings Special K. They were selected throughout many years of market analysis.

As it is demonstrated in the exemplary chart below, the peaks and troughs of the price come a little bit earlier than in the indicator's window. The Special K is a lagging indicator.

Special K is a lagging indicator
Special K is a lagging indicator

It plots around the line with the value of 0. The market is considered to be bullish when the Prings Special K moves above it and bearish when the indicator stays below the 0 line.

Bearish and bullish market
Bearish and bullish market with Special K indicator

Trading strategy based on the Prings Special K indicator

We have the Special K attached to the chart. Now, we are going to add the Exponential Moving Average with a period of 100.

Pros and Cons of Prings Special K Indicator

  • πŸ‘ Combines multiple timeframes for more accurate analysis.
  • πŸ‘ Helps identify trend reversals to catch potential trading opportunities.
  • πŸ‘ Can be used in conjunction with other technical tools for improved results.
  • πŸ‘Ž Lagging indicator, meaning it might produce late signals.
  • πŸ‘Ž Not suitable for all trading styles or timeframes.

Prings Special K Indicator Settings Description
Weighted Averages Combines different weighted averages for short-term, intermediate, and long-term analysis.
Zero Line Indicator moves above the line for bullish signals and below for bearish signals.
Trading Strategy Can be used with other technical tools such as EMA100 for improved trading signals.

Opening long position with Special K

Observe the EMA100 first. You are waiting for the moment the price crosses above it. Now check the Prings Special K indicator. It should rise above the 0 line. This is a good moment to go long.

buy signal with Special K
Buy when the price crosses above the EMA100 and the Special K crosses above its zero line

Opening short position with Special K

To open short trade, two conditions should be met. The price should cross below the EMA100 and at the same time, the Special K indicator falls below the 0 line. You can sell now.

sell signal with Special K
Sell when the price crosses below the EMA100 and the Special K crosses below its zero line

Summary

The Prings Special K is an indicator that moves roughly at the same time as the price. It helps to identify primary trend reversals pretty fast and discover buying and selling opportunities.

Martin Pring's indicator joins short-term, intermediate and long-term velocity in one complete series. You can catch even smaller trends with it.

Use the strategy I have presented today in the IQ Option demo account. It is available at no cost at all. Practice there until you get to know the Prings Special K indicator well. After that move to the live account and make real profits.

I encourage you to share your thoughts with us in the comments section below. I would be happy to hear from you.

Best of luck!

Frequently Asked Questions

    • ❓ What is the Prings Special K indicator?

It is a momentum indicator designed by Martin Pring that combines short-term, intermediate, and long-term timeframes into a complete series to help traders identify trend reversals and improve their trading results.

    • ❓ How does the Prings Special K indicator work?

The indicator combines different weighted averages of multiple timeframes to create a more accurate representation of market trends. The market is considered bullish when the indicator moves above the zero line and bearish when it moves below the zero line.

    • ❓ Is the Prings Special K indicator suitable for all trading styles?

No, the Prings Special K indicator is a lagging indicator and might not be suitable for all trading styles or timeframes. However, it can be an effective tool for those looking to identify trend reversals and improve their trading results.

    • ❓ How can I use the Prings Special K indicator in my trading strategy?

Practice using the Prings Special K indicator in a demo account before implementing it in your live trading strategy. You can also combine it with other technical tools, such as EMA100, for improved results.

    • ❓ Where can I learn more about the Prings Special K indicator?

There are various online resources, including tutorials, articles, and forums, where you can learn more about the Prings Special K indicator and how to use it effectively in your trading strategy.

GENERAL RISK WARNING

The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.
Kindly note that this article does not provide any investment advice. The information presented regarding past events or potential future developments is solely an opinion and cannot be guaranteed as factual, including the provided examples. We caution readers accordingly.

How useful was this post?

Click on a star to rate it!

Average rating 4.3 / 5. Vote count: 12

No votes so far! Be the first to rate this post.

As you found this post useful...

Follow us on social media!

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?


Bart Bregman

Author / IQ Option expert: "My name is Bart Bregman, I have 9 years of full-time professional trading experience. I've been trading with IQ Option for more than 7 years, mainly on the shorter time frames doing technical analyses, and have many experience with Binary Options, CFDs, Options, and Crypto trading. There is no such thing as a bad trade! As a digital nomad trader, I'm mostly traveling all over the world. Follow my journey on Instagram at https://www.instagram.com/bart_bregman/. "

Leave a Reply

Your email address will not be published.

19 − 9 =