Page 1 of 2

Rainbow Chart

PostPosted: Tue Sep 10, 2013 3:36 am
by Apprentice
rainbow.png


MA[1] = MA of Price
MA[2] = MA of MA[1]
....
MA[n]= MA of MA[n-1]
Rainbow Chart.lua
(3.42 KiB) Downloaded 1817 times


The indicator was revised and updated

Average Rainbow

PostPosted: Tue Sep 10, 2013 3:51 am
by Apprentice
Average Rainbow.png

Average Rainbow = (MA[1] + ... + MA[n]) /N
Averaged Rainbow.lua
(3.58 KiB) Downloaded 1510 times

Mel Widner Averaged Rainbow

PostPosted: Tue Sep 10, 2013 3:58 am
by Apprentice
Mel Widner Averaged Rainbow.png

Average Rainbow = (5*MA[1] +4*MA[2]+3*MA[3] +2*MA[4] +1*MA[5] ... + 1*MA[10]) /20
In a July 1997 Stocks & Commodities article, Mel Widner introduced rainbow charts give some extra weight for the less-smoothed data:
Mel Widner Averaged Rainbow.lua
(3.52 KiB) Downloaded 1509 times

Zero-Lag Rainbow

PostPosted: Tue Sep 10, 2013 4:34 am
by Apprentice
Zero-Lag Rainbow.png


MA1 = MA of Mel Widner Averaged Rainbow
MA2 = MA of MA1
Diff = MA1 - MA 2
Zero-Lag Rainbow = MA1 +Diff
Zero-Lag Rainbow.lua
(5.17 KiB) Downloaded 1543 times

SVEZLRBPercB

PostPosted: Wed Sep 11, 2013 6:12 am
by Apprentice
SVEZLRBPercB.png

As described in the article by Sylvain Vervoort, The Best Of Both Worlds
Oscillators, Smoothed. The September issue of S & C magazine.
SVEZLRBPercB.lua
(6.93 KiB) Downloaded 1775 times

Re: Rainbow Chart

PostPosted: Wed Sep 11, 2013 6:25 am
by StefPasc
so many thanks Apprentice...

Re: Rainbow Chart

PostPosted: Wed Sep 11, 2013 6:29 am
by Apprentice
SVEZLRBPercB Update

Re: Rainbow Chart

PostPosted: Mon Nov 04, 2013 1:03 pm
by Coondawg71
Unable to download this file, possibly a bad link???

Thanks,

sjc

Re: Rainbow Chart

PostPosted: Mon Nov 04, 2013 3:19 pm
by Apprentice
Fixed.
It was a temporary Server glitch.

Re: Rainbow Chart

PostPosted: Tue Jul 15, 2014 3:15 am
by Apprentice
Bump Up.