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Published:

31 October 2023, 11:45

Updated:

29 July 2025, 14:26

RainbowIndicator.mq4 (6.94 KB) view

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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,

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