What Are Rainbow Charts? How to Use Them for Forex Buy and Sell Signals

Rainbow Charts Trading Indicator Buy Trading Signal

How to Create a Forex Buy Signal with the Rainbow Charts Indicator?

Steps on how to generate forex buy signals using Rainbow Charts indicator:

This Rainbow Charts buy signal tutorial explains how to generate forex buy signals using the Rainbow Charts like shown below:

Bullish Forex Trend/ Upwards Trading Trend

If the market is going up, which is called a bullish trend, then the rainbow lines will also be going up. The line that changes the most will be at the top, which is the red line. The line that changes the least, which is violet, will be at the bottom.

Buy Signals from Rainbow Charts - Forex Trades Using Rainbow Chart Signals

How to Generate Forex Buy Trading Signals Using the Rainbow Charts Indicator

Rainbow Charts Indicator Sell Signal

Deriving a Forex Sell Signal Through the Rainbow Charts Indicator

Use Rainbow Charts for Forex Sell Signal Steps

This Rainbow Charts sell trade signal tutorial explains how to generate forex sell trade signals using the Rainbow Charts like is illustrated and shown below:

Bearish Market/Downwards Trading Trend

When the overarching market trend exhibits a downward trajectory, the rainbow chart lines will point downwards, with the most smoothed line (Violet) situated at the bottom, while the least smoothed line (Red) will be positioned at the top.

Forex Sell Signals from Rainbow Charts - Rainbow Charts Buy Sell Signals

How to Generate Forex Sell Trade Signals Using Rainbow Charts Indicator

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