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Rainbow MT5

Rainbow MT5 is a very simple indicator based on Moving Average with period 34 and can be very useful.

When price crosses above MA and MA changes color to green, it’s a signal to buy.

When price crosses below MA and MA changes color to red, it’s a signal to sell.

An Expert advisor ( Rainbow EA MT5 ) based on Rainbow MT5 indicator is on the way and will be released very soon.

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