What is Rainbow Charts Indicator Forex Buy Signal & Sell Signal?
Rainbow Charts Trading Indicator Buy Trading Signal
How Do I Generate Forex Buy Signal Using Rainbow Charts Indicator
Steps on how to generate forex buy signals using Rainbow Charts indicator:
This Rainbow Charts indicator buy signal tutorial explains how to generate forex buy signals using the Rainbow Charts indicator as shown below:
Bullish Forex Trend/ Upwards Trading Trend
When the trend in the market is Upwards/bullish trend, then the rainbow will be heading upwards, the least smoothed line will be at the top of the technical indicator, this is the red line & the major smoothed line will be at the bottom of the trading indicator, this is the violet line.
How to Generate Forex Buy Signals Using Rainbow Charts Indicator
Rainbow Charts Trading Indicator Sell Trading Signal
How Do I Generate Forex Sell Signal Using Rainbow Charts Indicator
Steps on how to generate forex sell trade signals using Rainbow Charts indicator:
This Rainbow Charts indicator sell trade signal tutorial explains how to generate forex sell trade signals using the Rainbow Charts indicator as illustrated below:
Bearish Market/Downwards Trading Trend
When the market trend is a bearish downwards then the rainbow charts will be heading downwards, the major smoothed line (Violet) will be at the bottom & the least smoothed line (Red) will be at the top.
How to Generate Forex Sell Trade Signals Using Rainbow Charts Indicator
More Courses & Topics:
- How to Add Market Facilitation Index Technical Indicator on Chart
- Gold Web Gold in MetaTrader 5 Webtrader
- Gold Margin Example
- Tips on SMI20 Stock Indices
- How to Get MetaTrader 4 SWI20 Stock Index Trading Chart
- MetaTrader EU50 Stock Index EU 50 MT5 Forex Software
- What are Contract for Differences & How to Trade CFD
- Williams Percentage R XAU/USD Indicator Technical Analysis in XAU/USD
- SPX Pip Calculation Stock Indices
- Different Types of Gold Brokers Described