Introduction to the SMA Rainbow Trend Indicator The SMA Rainbow Trend indicator is a very popular trend-following indicator that consists of multiple colorful moving averages. The way to use that gauge is really simple. When all moving averages are pointing up – there is a bullish trend. Similarly, when When all moving averages are pointing…
Tag: rainbow indicators
Fan RSI Indicator
Introduction to the Fan RSI Indicator The Fan RSI indicator is, as the name suggests, is a forex indicator based on the Relative Strenght Index, but it plotts multiple RSI on the same chart. That indicator is helpful in identifying the trend change at the early stage and allows traders to trade the first pullback…