Best of Rainbow MA

Best of Rainbow MA

The indicator proposes to calculate a series of several moving averages in a row (up to 5 maximum). Each of them smoothes the previous one, forming a “rainbow” type indicator.

The first moving average is calculated on the price Close, and the following ones smooth each of the previous ones with the same calculation period, which can be modified in the parameters. The type of moving average can also be changed at will with the “MAmode” setting.

The result is a cluster of moving averages of different colors to be applied to the price chart.

This indicator has been converted from LUA language following a request on the indicators forum.

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

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Nicolas
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manchokcity can we have it in mql4 platform? or how or which platform do we use it?
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