Market / MetaTrader 5 / Indicators /

Rainbow Trend MT5

30 USD

Demo downloaded: 5

Published: 10 October 2025

Current version: 1.7

Rainbow Trend MT5

Indicators
Sergey Rozhnov
Sergey Rozhnov
Russia

11957
3.9 (140)
About me: I have experience in Forex trading and software development since 2006.

11 products 1 topic 24 comments
Version: 1.7
Activations: 5

Indicator capabilities

Determines the direction and strength of the trend of currencies and symbols and builds multi-colored histograms, tables, informing with digital values and graphs based on this
Shows the relative positions and changing trends of currencies in real time.
In the form of graphs, it presents the history of trends for each currency pair on which the indicator is installed.
Analyzes currencies using one of the selected modes (Analysis Block)

Analysis block

It consists of a list of analysis results and buttons. The default analysis mode can be set using the Analysis parameter. The Next and Prev buttons can be used to switch analysis modes, and the Revs button can be used to reverse the rating sorting.

Analysis modes:

Currency rating (parameter Analysis=1);
Strength of currency trend (parameter Analysis=2);
Symbol rating (parameter Analysis=3);
Strength of the symbol trend (Analysis parameter=4).

An example of working with indicator

Choose strong symbols for trading;
Select symbols that contain the strongest or weakest currencies;
Track the change of currency in comparison with other currencies;
Determine which currency is causing the movement;
Track changing currency trends;
Analyze trend line intersections and more.

For the indicator to work correctly, you need to open all symbols in the overview window.

It takes some time to download data for all currencies from the broker's server, so the chart may change until all the data is downloaded.

Indicator parameters

MAPer - The period of the moving average used to determine the trend;
MAMode - Method of constructing a moving average;
GridCount - The number of lines in the histogram grid on the positive and negative sides;
FixGridValue - Fix the top grid value to a specific value. 0 - automatic grid value;
ShowValue - Show currency trend strength values above the histograms;
SizeFont - Font size of chart labels;
PreFix - Character prefix;
SufFix - Symbol postfix;
Analysis - Analysis number. Values from 1 to 4;
LineWidth - Line thickness. Values from 1 and more;
LimitCountedBars - Limits the number of history bars examined. Can be reduced for increased speed;
clrXXX - Currency colors.

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The EA contains a combination of several trend and anti-trend virtual strategies with averaging with different parameters. The EA is easy to use. It is enough to choose a suitable strategy for the trading pair, set the Risk parameter and you can start trading. Open the M15 chart with the pair being traded and move the EA to it. Lots will be calculated automatically based on the balance, Deposit currency and Risk parameter. Recommendations: Trading EURUSD, USDCAD, AUDNZD, AUDCAD, NZDCAD, USDJPY;

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The EA consists of 100 virtual Prototype-4 EAs with different settings. The outcome of calculations is the resulting lot. The idea behind the virtual strategies is that in case any of the virtual strategies is "wiped", the entire deposit is not, it is only decreased by 1/100, i.e. 1% (when using Risk=5000, VirtualBalance=5000). It is possible to set the lot size to start opening positions, the step and the maximum number of opened lots and positions using the settings of the EA. The Expert Advis

199 USD

Neural Network Indicator with Built-In Learning. This is a real autonomous artificial intelligence system powered by a multi-level customizable perceptron and advanced training settings to predict future price changes. You can train the indicator yourself on any finansial symbol, everything you need is collected in this tool and conveniently implemented with automatic mode and presets. Major update v2.0 - 2.5 has been released. Advanced input features: Added support for indicators. Now you can

99 USD

The Expert Advisor consists of several Prototype-1 virtual Expert Advisors (up to 100 strategies depending on the pair). Each strategy has different parameters. After calculating lots for all strategies, the Expert Advisor calculates the resulting trading lot. The idea behind using virtual strategies is that if one of the virtual strategies loses money, the entire deposit isn't lost, but rather reduced by 1/100, or 1% (using Risk=5000 and VirtualBalance=5000). The advisor uses averaging methods

199 USD

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Rainbow Trend MT5

Sergey Rozhnov

Indicator capabilities

Analysis block

An example of working with indicator