18 rainbow averages

18 rainbow averages

Code created on the basis of Nicolas’ work, thanks to him and the time he spends for us.

18 moving averages which are in fact the same with a time lag. You can change the period in the code and thus adjust it. Ideally buy on a rebound when the price is below the rainbow with stop loss just below the previous low. Or sell on a retracement candle when the price is above the rainbow.

Or sell on a retracement candle when the price is above the rainbow. Basic but visual.

 

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adaptive moving average RainBow
Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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20 days ago

1 post • 0 Followers
  1. avatar
    kats • 11 days ago #

    Bonsoir,
    j’aimerai pouvoir mettre sur un même graphique 2 fois cet indicateur. le premier tel quel, le second 10 fois superieur . J’ai donc installé celui ci et est change la period en la remplaçant par 30 dans le second mais je n’ai rien touché d’autre et le resultat n’est pas terrible. Je pense qu’il doit y avoir une histoire de numberofMA a modifier mais n’etant pas douée en programation je ne trouve pas. Pouvez vous m’aider cdlt

    • avatar
      jordan • 9 days ago #

      //—settings
      MAmode=0
      Period=150
      NumberOfMA=100
      //—end of settings

      MA2=undefined
      MA3=undefined
      MA4=undefined
      MA5=undefined
      MA6=undefined
      MA7=undefined
      MA8=undefined
      MA9=undefined
      MA10=undefined
      MA11=undefined
      MA12=undefined
      MA13=undefined
      MA14=undefined
      MA15=undefined
      MA16=undefined
      MA17=undefined
      MA18=undefined
      M19=undefined

      numberofMA=max(min(numberofma,18),1)

      MA1=average[period](close)

      if numberofMA=2 then
      MA2=average[period,mamode](MA1)
      elsif numberofMA=3 then
      MA2=average[period,mamode](MA1)
      MA3=average[period,mamode](MA2)
      elsif numberofMA=4 then
      MA2=average[period,mamode](MA1)
      MA3=average[period,mamode](MA2)
      MA4=average[period,mamode](MA3)
      elsif numberofMA=5 then
      MA2=average[period,mamode](MA1)
      MA3=average[period,mamode](MA2)
      MA4=average[period,mamode](MA3)
      MA5=average[period,mamode](MA4)
      elsif numberofMA=6 then
      MA2=average[period,mamode](MA1)
      MA3=average[period,mamode](MA2)
      MA4=average[period,mamode](MA3)
      MA5=average[period,mamode](MA4)
      MA6=average[period,mamode](MA5)
      elsif numberofMA=7 then
      MA2=average[period,mamode](MA1)
      MA3=average[period,mamode](MA2)
      MA4=average[period,mamode](MA3)
      MA5=average[period,mamode](MA4)
      MA6=average[period,mamode](MA5)
      MA7=average[period,mamode](MA6)
      elsif numberofMA=8 then
      MA2=average[period,mamode](MA1)
      MA3=average[period,mamode](MA2)
      MA4=average[period,mamode](MA3)
      MA5=average[period,mamode](MA4)
      MA6=average[period,mamode](MA5)
      MA7=average[period,mamode](MA6)
      MA8=average[period,mamode](MA7)
      elsif numberofMA=9 then
      MA2=average[period,mamode](MA1)
      MA3=average[period,mamode](MA2)
      MA4=average[period,mamode](MA3)
      MA5=average[period,mamode](MA4)
      MA6=average[period,mamode](MA5)
      MA7=average[period,mamode](MA6)
      MA8=average[period,mamode](MA7)
      MA9=average[period,mamode](MA8)
      elsif numberofMA=10 then
      MA2=average[period,mamode](MA1)
      MA3=average[period,mamode](MA2)
      MA4=average[period,mamode](MA3)
      MA5=average[period,mamode](MA4)
      MA6=average[period,mamode](MA5)
      MA7=average[period,mamode](MA6)
      MA8=average[period,mamode](MA7)
      MA9=average[period,mamode](MA8)
      MA10=average[period,mamode](MA9)
      elsif numberofMA=11 then
      MA2=average[period,mamode](MA1)
      MA3=average[period,mamode](MA2)
      MA4=average[period,mamode](MA3)
      MA5=average[period,mamode](MA4)
      MA6=average[period,mamode](MA5)
      MA7=average[period,mamode](MA6)
      MA8=average[period,mamode](MA7)
      MA9=average[period,mamode](MA8)
      MA10=average[period,mamode](MA9)
      MA11=average[period,mamode](MA10)
      elsif numberofMA=12 then
      MA2=average[period,mamode](MA1)
      MA3=average[period,mamode](MA2)
      MA4=average[period,mamode](MA3)
      MA5=average[period,mamode](MA4)
      MA6=average[period,mamode](MA5)
      MA7=average[period,mamode](MA6)
      MA8=average[period,mamode](MA7)
      MA9=average[period,mamode](MA8)
      MA10=average[period,mamode](MA9)
      MA11=average[period,mamode](MA10)
      MA12=average[period,mamode](MA11)
      elsif numberofMA=13 then
      MA2=average[period,mamode](MA1)
      MA3=average[period,mamode](MA2)
      MA4=average[period,mamode](MA3)
      MA5=average[period,mamode](MA4)
      MA6=average[period,mamode](MA5)
      MA7=average[period,mamode](MA6)
      MA8=average[period,mamode](MA7)
      MA9=average[period,mamode](MA8)
      MA10=average[period,mamode](MA9)
      MA11=average[period,mamode](MA10)
      MA12=average[period,mamode](MA11)
      MA13=average[period,mamode](MA12)
      elsif numberofMA=14 then
      MA2=average[period,mamode](MA1)
      MA3=average[period,mamode](MA2)
      MA4=average[period,mamode](MA3)
      MA5=average[period,mamode](MA4)
      MA6=average[period,mamode](MA5)
      MA7=average[period,mamode](MA6)
      MA8=average[period,mamode](MA7)
      MA9=average[period,mamode](MA8)
      MA10=average[period,mamode](MA9)
      MA11=average[period,mamode](MA10)
      MA12=average[period,mamode](MA11)
      MA13=average[period,mamode](MA12)
      MA14 =average[period,mamode](MA13)
      elsif numberofMA=15 then
      MA2=average[period,mamode](MA1)
      MA3=average[period,mamode](MA2)
      MA4=average[period,mamode](MA3)
      MA5=average[period,mamode](MA4)
      MA6=average[period,mamode](MA5)
      MA7=average[period,mamode](MA6)
      MA8=average[period,mamode](MA7)
      MA9=average[period,mamode](MA8)
      MA10=average[period,mamode](MA9)
      MA11=average[period,mamode](MA10)
      MA12=average[period,mamode](MA11)
      MA13=average[period,mamode](MA12)
      MA14 =average[period,mamode](MA13)
      MA15 =average[period,mamode](MA14)
      elsif numberofMA=16 then
      MA2=average[period,mamode](MA1)
      MA3=average[period,mamode](MA2)
      MA4=average[period,mamode](MA3)
      MA5=average[period,mamode](MA4)
      MA6=average[period,mamode](MA5)
      MA7=average[period,mamode](MA6)
      MA8=average[period,mamode](MA7)
      MA9=average[period,mamode](MA8)
      MA10=average[period,mamode](MA9)
      MA11=average[period,mamode](MA10)
      MA12=average[period,mamode](MA11)
      MA13=average[period,mamode](MA12)
      MA14 =average[period,mamode](MA13)
      MA15 =average[period,mamode](MA14)
      MA16 =average[period,mamode](MA15)
      elsif numberofMA=17 then
      MA2=average[period,mamode](MA1)
      MA3=average[period,mamode](MA2)
      MA4=average[period,mamode](MA3)
      MA5=average[period,mamode](MA4)
      MA6=average[period,mamode](MA5)
      MA7=average[period,mamode](MA6)
      MA8=average[period,mamode](MA7)
      MA9=average[period,mamode](MA8)
      MA10=average[period,mamode](MA9)
      MA11=average[period,mamode](MA10)
      MA12=average[period,mamode](MA11)
      MA13=average[period,mamode](MA12)
      MA14 =average[period,mamode](MA13)
      MA15 =average[period,mamode](MA14)
      MA16 =average[period,mamode](MA15)
      MA17 =average[period,mamode](MA16)
      elsif numberofMA=18 then
      MA2=average[period,mamode](MA1)
      MA3=average[period,mamode](MA2)
      MA4=average[period,mamode](MA3)
      MA5=average[period,mamode](MA4)
      MA6=average[period,mamode](MA5)
      MA7=average[period,mamode](MA6)
      MA8=average[period,mamode](MA7)
      MA9=average[period,mamode](MA8)
      MA10=average[period,mamode](MA9)
      MA11=average[period,mamode](MA10)
      MA12=average[period,mamode](MA11)
      MA13=average[period,mamode](MA12)
      MA14=average[period,mamode](MA13)
      MA15=average[period,mamode](MA14)
      MA16=average[period,mamode](MA15)
      MA17=average[period,mamode](MA16)
      MA18=average[period,mamode](MA17)
      endif

      return ma1 coloured(“blue”), ma2 coloured(“blue”), ma3 coloured(“green”), ma4 coloured(“green”), ma5 coloured(“yellow”),MA6 coloured(“yellow”),MA7 coloured(“orange”),MA8 coloured(“orange”),MA9 coloured(“red”)style(line,3),MA10 coloured(“red”),MA11 coloured(“pink”),MA12 coloured(“pink”),MA13 coloured(“fuchsia”),MA14 coloured(“fuchsia”),MA15 coloured(“brown”),MA16 coloured(“brown”),MA17 coloured(“cyan”),MA18 coloured(“cyan”)

      // couleur “blue” “purple” “red” “orange” “fuchsia” “yellow” “brown” “white” “green” “pink”

    • avatar
      jordan • 9 days ago #

      dites moi si cela correspond à ce que vous cherchez

  2. avatar
    kats • 7 days ago #

    bonjour
    merci de ta reponse mais non ca fonctionne pas
    sympa quand même d’avoir essayé
    cdlt

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