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Published:

2023.10.31 11:45

Updated:

2023.12.16 16:38

Rainbow.mq5 (7.31 KB) view

Download as ZIP, How to download code from MetaEditor

Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

There are 2 input parameters:

AtrMultiplier: The lines will have this* the current Atr value distance from the moving averages.
Period: High and Low moving average, Atr period.

The basic idea is to have 6 lines: upper will be 2*atrmultiplier*atr +HighMA, second then atrmultiplier*atr + HighMA... Very easy to understand,

I've also made a video about it for beginners to help understand the writing of an indicator in mql:

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