Rainbow indicators

[Alexander.Gettinger]

Formulas:
MA1 = MA(Price),
MA2 = MA(MA1),
MA3 = MA(MA2),
MA4 = MA(MA3),
MA5 = MA(MA4),
MA6 = MA(MA5),
MA7 = MA(MA6),
MA8 = MA(MA9).

Download:

MA_Rainbow.mq4

(2.94 KiB) Downloaded 1109 times

[Alexander.Gettinger]

Average rainbow:

Formulas:
Average rainbow = (MA[1]+MA[2]+...+MA[Number])/Number, where
MA[1] = MA(Price),
MA[2] = MA(MA[1]),
.......................
MA[N] = MA(MA[N-1]).

Download:

Averaged_Rainbow.mq4

(3.97 KiB) Downloaded 904 times

For this indicator must be installed MA_Rainbow indicator.

[Alexander.Gettinger]

Mel Widner Averaged Rainbow:

Formula:
Average Rainbow = (5*MA[1] +4*MA[2]+3*MA[3] +2*MA[4] +MA[5] ... + MA[10]) /20.

Download:

Mel_Widner_Averaged_Rainbow.mq4

(2.55 KiB) Downloaded 925 times

For this indicator must be installed MA_Rainbow indicator.

[Alexander.Gettinger]

Zero lag rainbow:

Formulas:
Zero lag rainbow = MA[1]+Diff, where
MA[1] = MA(Mel Widner Averaged Rainbow),
Diff = MA[2]-MA[1],
MA[2] = MA(MA[1]).

Download:

Zero_Lag_Rainbow.mq4

(2.18 KiB) Downloaded 890 times

For this indicator must be installed MA_Rainbow indicator and Mel Widner Averaged Rainbow.