The Rainbow Multiple EMA Indicator

It is based on Multiple EMA indicators. The idea is that how to display multiple Exponential Moving Averages on the chart easily without placing them one by one. It has also BLUE-RED trend lips to define UPTREND and DOWNTREND whichas BLUE is UPTREND and RED is DOWNTREND.You can change the colors by going to Indicator properties --- colors.

There are 2 external setting. They are Period and Shift. When you change them (period and or shift ) then all will automatically adjust.

For any currency pairs and any timeframes.


Parameters

  • Period: the number of bars used for the indicator calculations. Default: 99 used for TF M5
  • Shift: The number of bars used for the indicator to shift backward ( the value=negative) or shift forward (the value=positive)

Recommended timeframe M5-M15 for the default setting.

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This product was   updated   for the   2026 market   and   optimized   for the   latest MT5 builds . PRICE UPDATE NOTICE: Smart Price Action Concepts   is currently available for $200. The price will   increase to $299   after the next   30 purchases. SPECIAL OFFER:  After purchasing , send me a private message to claim FREE Bonus + Gift. First of all Its worth emphasizing here that this Trading Tool is Non Repainting , Non Redrawing and Non Lagging Indicator , Which makes it ideal for profes
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