Credit to Ali Moin-Afshari for his awesome material here.
This indicator colours the moving average (MA) when there are consecutive bars.
It helped me to stop making so many mistakes at the MA.
Link is here.
3 responses to “Indicator: rEMA (Rainbow EMA)”
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[…] earlier post for the download for the […]
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Hey Tim! Thanks for sharing yet another great idea.
got a thinkscript version of your pinescript indicator to share here (http://tos.mx/!VobQFLZc ) for anyone using ThinkOrSwim like me. The code includes the color-coded rEMA, an Always-In indicator and a marker for acceleration.
Was wondering about the use of the ATR in the EMA “angle” calc as well as the basis for the acceleration value. Do you have any more info on those?
Thanks – John
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I am looking forward to your video on how to use this indicator. Thank you.
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Hi,
I’m Tim
Welcome to Zen Trading Tech.
I’m a Aussie day trader and I post trading tips, practice drills, and indicators that helped my trading get to a professional level.
Everything here is to help train the eyes and hands to trade better. If it helped me I’ll post it for others. Hope you enjoy!
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