Rainbow Moving Average – Metatrader download
In this section you can download Rainbow Moving Average for MetaTrader:
Rainbow Moving Average is interesting alternative for normal average. With Rainbow MAs you can build easy trading strategies.
About Rainbow Moving Average – in short
Rainbow Moving Average is a normal average with three colors (each color for trend up, trend down and range move). Thanks to that you get quick picture of current situation at the market.
The most popular way of using Rainbow MA is to group averages (something like in GMMA example). That way you have information about situation in short term trend and in long term trend.
How to install Rainbow Moving Average in Metatrader 4
More about Rainbow Moving Average, how to trade with Rainbow Moving Average
The following chart shows the moving average of the MA for the first 10 trading days of the last 12 months. The moving – the average band is a moving MA average of varying length plotted to produce a band – like an indicator. It is an indicator of a movement – in – the – right side – of an index, such as the Dow Jones Industrial Average (DIA) or the S & P 500 (SPX). The moving – above average bands are a series of moving average MA’s of different lengths, plotted with different widths and lengths to create a band – like indicators, similar to the above in the table. This is the Moving – Above – The – Right – Hand – Side – of – an – Index (MA) and the MSCI Moving Average Ribbon (MSA) for different lengths, drawing with the same width and length to create a Ribbons – Like indicator. , this is one of many examples of “Moving – Over – Average” tapes.
The Moving Average Tape is a quick and easy way to add multiple moving averages to a graph and is simply a way to display a moving mean on all charts at the same time. The Moving – Above – The – Right – Hand – Side – of – an – Index (MA) is an exponentially movable – average band, because it is the result of a series of moving MA’s moving at different lengths, which are simultaneously displayed on the diagram. There is no special formula here, the Moving Average Band indicator is just a series of moving averages plotted on the same graph with different widths and lengths.
The Rainbow Averages Strategy is a pure trend – a trading strategy based on the Rainbow Averages Indicator, which serves as a system filter for the trend. The Moving Average Band Indicator is used to form a meaningful cloud, and the Moving Average Band Indicator (MBA) and Moving Average (MA) are used to form a “meaningful cloud” for a single trend line in a graph, such as the graph of the Dow Jones Industrial Average (DIA) or the S & P 500 (SPX). The moving – moving – top – the – right – hand – side – from – to – index (MA) uses a moving – top – the – right – hand – side – and – a – a – diagram – on – its own – graph (MOA) and a series of moving averages (mA’s) to form the “tell cloud,” or an indicator of a unique trend line on an index.
The core of the rainbow charts is the 2-period average, for which recursive smoothing is applied. Similar to the rainbows in the oscillator, the core of the rainbow Average values are a simple moving average with recursive smoothing applied over two periods. Similar to the rainbow Ch charts, this is an example of a “simple moving average” for a single trend line in a graph, such as the Dow Jones Industrial Average (DIA) or the S & P 500 (SPX). Similar to the Rainbow Charts, a core of a Rainbow O oscillator is that 2 Periods Simple Motions Average, in which recursively smoothing is applied over 2 periods.
Traders should use the Guppy Multiple-Sliding Average in conjunction with other technical indicators to maximize their chances of success. A smooth curved line known as a “moving average” is called a moving mean band and moves on over time. It moves in a straight line from top to bottom, as well as up and down, but when it starts to cross, a possible sell signal is given. This is combined with a trend line such as the S & P 500 or Dow Jones Industrial Average (DIA) to a slow – moving – average.
If you do not use Metatrader, please tell me the parameters of the rainbow-moving average. EmA (SMA) is the average of a range of different moving averages, such as the S & P 500 or the Dow Jones Industrial Average. If you do not use Metatrader, you can tell us all these parameters for the average rainbow run. SMEs are the mean and the mean Plus or minus 1.5 percentage points or 1% or 2% of each other.
To configure and use the Rainbow Moving Average, right-click the indicator button at the top of the Moving Average page in Metatrader. You can record the second average on the first average by dragging it from the QuickList and dragging it into the average and clicking on it (it should turn light purple after releasing the mouse button).
To create a rainbow chart in MetaStock Windows, open the chart, drag the moving average indicator from the indicator quicklist and open it and place it in the rainbow oscillator. You can also display rainbows and oscillators on the Moving Average by placing a custom indicator in the quick list under a chart heading.
I am new to this makert.but I will survive.
I would like to thank you for lesson you provide about forex , it my first time to come across such powerfull lesson on the net. I t is make sence to me, I will use strategies learned on your wondwerfull site. GOD BLESS YOUR AND YOUR FAMILY.
The only issue i have is the rainbow indicator, is come as moving avarage in colour , but not rainbow
Jimmy from South Africa
Thanks for kind words 🙂
This is a moving average, you have to open options window of each average and specify colors for up, down, horizontal.
Hope it helps.
Is their any chance you can list the moving averages the the color you used for each of them? I use trading view and I need to insert the appropriate values into the templete
Rainbow Moving Average is a name of indicator (average which has 3 colors). You can use it in many ways. I posted a screenshot of chart where I used that Rainbow Moving Average in GMMA setup. You can find all the numbers and info here: