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Rainbow Trend [Mc]

1. Momentum-Based Foundation
2. Long-Term Time Frame
3. Multicolored Gradient Lines
4. Horizontal Levels (Overbought/Oversold Zones)
5. Reversal Signal Markers
- This indicator measures the velocity and strength of price changes.
- Rising momentum indicates that price movement (upward or downward) has strength behind it.
- When momentum weakens or reverses, it often signals a potential trend reversal.
2. Long-Term Time Frame
- Unlike traditional indicators like RSI or Stochastic, which use shorter lookback periods (e.g., 14 days), this indicator uses a much longer period, such as 50 to 200 days.
- This extended range helps smooth out volatility and provides a clearer view of the primary trend.
3. Multicolored Gradient Lines
- The indicator displays multi-layered colored curves, often with a rainbow-like gradient.
- Red or pink areas indicate strong selling pressure or peak momentum in an uptrend.
- Green or bright green dots often suggest recovery or bottoming momentum.
- Orange or yellow colors indicate neutral or transition zones, awaiting trend confirmation.
4. Horizontal Levels (Overbought/Oversold Zones)
- The chart includes reference levels such as +160, 0, -40, and -120 (as shown in the image).
- These levels help identify when momentum is reaching overbought or oversold conditions.
- Reversals often begin near the upper or lower extremes of these zones.
5. Reversal Signal Markers
- Red dots at the top indicate extreme bullish momentum and potential topping zones.
- Green dots at the bottom suggest oversold conditions and potential bullish reversals.
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受保護腳本
此腳本以閉源形式發佈。 不過,您可以自由且不受任何限制地使用它 — 在此處了解更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。