Compact mode
Rainbow Moving Average
Known for Visual Representation Of Multiple Timeframes
Table of content
General Information
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly used- StocksIndicators optimized for analyzing and predicting stock price movements in equity markets. Click to see all.
- ForexIndicators optimized for currency pair trading in the foreign exchange market. Click to see all.
- CryptocurrenciesIndicators tailored for the volatile and 24/7 nature of cryptocurrency trading. Click to see all.
Made In 🌍
The country or origin of the trading indicator
Characteristics
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorPopularity 🏆
Indicates how widely used and recognized the indicator is in the trading community
Facts
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicator- Uses multiple moving averages to create a colorful display
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicator- It's like a weather forecast for your trades - pretty to look at but not always accurate!
Application
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.
Technical Details
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Signal Generation 📊
Describes the methods by which the indicator produces trading signalsCustomization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicator
Usage
For whom 👥
The target audience or user group for the trading indicatorPurpose 📈
The primary purpose or application of the trading indicator
Evaluation
Pros 👍
Advantages of using the trading indicator- Visually Appealing
- Incorporates Multiple Timeframes
- Smooth Signal
Cons 👎
Disadvantages or limitations of the trading indicator- Can Be Overwhelming For Beginners
- Potential For Overanalysis
- Lag In Fast MarketsIndicators that may lag behind in rapidly changing markets, potentially missing quick opportunities. Click to see all.
Performance Metrics
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesCustomization Score 🔧
A score representing the degree of customization available for the trading indicator- 8.5
Score ⭐
The overall score of the trading indicator based on various performance metrics
Alternatives to Rainbow Moving Average
Guppy Multiple Moving Average
Known for Visualizing Short-Term And Long-Term Trends💯 is more reliable than Rainbow Moving Average
Hull Moving Average (HMA)
Known for Reducing Lag In Moving Averages💯 is more reliable than Rainbow Moving Average
⭐ is rated higher overall than Rainbow Moving Average
Simple Moving Average (SMA)
Known for Smooth Price Movements💯 is more reliable than Rainbow Moving Average
💻 is easier to use than Rainbow Moving Average
Average Directional Index (ADX)
Known for Trend Strength Without Direction💯 is more reliable than Rainbow Moving Average
Moving Average Convergence Divergence (MACD)
Known for Trend Strength And Direction💯 is more reliable than Rainbow Moving Average
💻 is easier to use than Rainbow Moving Average
🔀 is more versatile than Rainbow Moving Average
⭐ is rated higher overall than Rainbow Moving Average
Exponential Moving Average (EMA)
Known for Smooth Price Movements💯 is more reliable than Rainbow Moving Average
💻 is easier to use than Rainbow Moving Average
⭐ is rated higher overall than Rainbow Moving Average
Elder Triple Screen
Known for Trend-Momentum Alignment💯 is more reliable than Rainbow Moving Average
🔀 is more versatile than Rainbow Moving Average
⭐ is rated higher overall than Rainbow Moving Average