Forex Tyrannosaurus Indicator
Platform: MT4 Type: Trend Last update: September 29, 2024The Forex Tyrannosaurus Indicator for MT4 uses a custom formula to calculate trend momentum and depicts these values in the form of histogram bars colored into blue and red.
It’s pretty straightforward to use the Forex Tyrannosaurus indicator, simply blue bars reflect a bullish trend, and red bars reflect a bearish trend. We think that it should be used rather as a trend direction filter than a standalone trading tool.
Example charts
Check charts of the Forex Tyrannosaurus Indicator in action.
