Rainbow Indicator for mt4 – indicator MetaTrader 4
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