Rainbow Chart

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Rainbow Chart

Postby Apprentice » Tue Sep 10, 2013 3:36 am

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 726 times


The indicator was revised and updated
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Average Rainbow

Postby Apprentice » Tue Sep 10, 2013 3:51 am

Average Rainbow.png

Average Rainbow = (MA[1] + ... + MA[n]) /N
Averaged Rainbow.lua
(3.58 KiB) Downloaded 463 times
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Mel Widner Averaged Rainbow

Postby Apprentice » Tue Sep 10, 2013 3:58 am

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 480 times
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Zero-Lag Rainbow

Postby Apprentice » Tue Sep 10, 2013 4:34 am

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 520 times
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SVEZLRBPercB

Postby Apprentice » Wed Sep 11, 2013 6:12 am

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
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Re: Rainbow Chart

Postby StefPasc » Wed Sep 11, 2013 6:25 am

so many thanks Apprentice...
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Re: Rainbow Chart

Postby Apprentice » Wed Sep 11, 2013 6:29 am

SVEZLRBPercB Update
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Re: Rainbow Chart

Postby Coondawg71 » Mon Nov 04, 2013 1:03 pm

Unable to download this file, possibly a bad link???

Thanks,

sjc
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Re: Rainbow Chart

Postby Apprentice » Mon Nov 04, 2013 3:19 pm

Fixed.
It was a temporary Server glitch.
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