Forex NN Indicator
Platform: MT4 Type: Oscillator Last update: October 22, 2024On the first glance, the Forex NN Indicator for MT4 may look a bit like a typical oscillator, however it is not. When you pay attention, you’ll notice it’s not fluctuacting from extreme to extreme level. This is rather smoothly flowing with the price.
It consists of the two lines: red and yellow. When red one is above yellow one it reflects bullish scenario. Reversed setup suggets bearish scenario. These readings are useful for understanding the short-term price direction.
Example chart:
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