Indicators: Rainbow Ranga - AKM
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Rainbow Ranga - AKM:
This indicator is essentially a GPS based on envelope as channel gauging and weather radar for the market wrapped into one. Instead of just giving you a bunch of lines to guess at, it calculates the mathematical "stretch" of the market and combines it with a multi-timeframe trend analysis to tell you exactly where you are.
Author: Amarnath Kondiyan Mohan