Indicators: Rainbow Oscillator
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Rainbow Oscillator:
Based on Mel Widner's Rainbow Average (that is similar to Guppy MMA), here is an oscillator version.
The indicator is mainly intended to show the trend of the market. But, using the levels (that are dynamic - they depend on the market changes), you can use it to assess overbought and oversold conditions too.
Author: Mladen Rakic