What is Rainbow Charts Indicator Forex Buy Signal & Sell Signal?

Rainbow Charts Indicator Buy 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 Upward/bullish trend, then the rainbow will be moving upwards, the least smoothed line will be at the top of the indicator, this is the red line & the major smoothed line will be at the bottom of the indicator, this is the violet line.

How to Generate Forex Buy Signals Using Rainbow Charts Indicator

Rainbow Charts Indicator Sell Signal

How Do I Generate Forex Sell Signal Using Rainbow Charts Indicator

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

This Rainbow Charts indicator sell signal tutorial explains how to generate forex sell 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 Signals Using Rainbow Charts Indicator