About the Binary Options Tyrannosaurus MT4 Indicator
Introduction to the Forex Tyrannosaurus Indicator
The Forex Tyrannosaurus indicator 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 bullish trend and red bars reflect bearish trend.
We think that it should be used rather as a trend direction filter than a standalone trading tool.
It fits all kinds of timeframes and currency pairs.
The indicator is displayed in a separate window placed just below the main trading chart.
The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)