Rainbow

Rainbow – indicator MetaTrader 5

by
Fig.1. The Rainbow indicator
Sixty Moving Averages with gradually changing period on a single chart. Indicator input parameters: input Smooth_Method XMA_Method=MODE_EMA; // Averaging method input uint StartLength=2; // First depth of averaging input uint StartStep=2;   // Starting step of averaging change input uint EndStep=6;     // Final step of averaging change                                         input int XPhase=15;      // Averaging parameter                           // for JJMA it … Read more

Rainbow Oscillator – Binary – indicator MetaTrader 5

by
Rainbow Oscillator - Binary - indicator for MetaTrader 5
Based on Mel Widner’s Rainbow Average (that is similar to Guppy MMA), here is a binary version of Rainbow Oscillator. It shows only two states: state up. state down. That makes it suitable for cases when a simple access to indicator values is required (like from experts). Rainbow Oscillator – Binary – indicator MetaTrader 5

Rainbow indicator for mt5 – indicator MetaTrader 5

by
Rainbow indicator for mt5 - indicator for MetaTrader 5
There are 2 input parameters: AtrMultiplier: The lines will have this* the current Atr value distance from the moving averages. Period: High and Low moving average, Atr period. The basic idea is to have 6 lines: upper will be 2*atrmultiplier*atr +HighMA, second then atrmultiplier*atr + HighMA… Very easy to understand,  I’ve also made a video … Read more