RainBow+
1. Rainbow+ can be used on equities, futures, forex and crypto and also on different time frame (daily, weekly and hourly) as well, we advise only look for hourly chart or longer time frame.
2. Consists of short-term, medium-term, medium-long-term, long-term line and trend line.
3. Term line :-
− Short-term = RED line
− Medium-term = ORANGE line
− Medium-long-term = BLUE line
− Long-term = LIME line
4. Trend line (thickest) :-
− GREEN = Bull trend
− RED = Bear trend
2. Consists of short-term, medium-term, medium-long-term, long-term line and trend line.
3. Term line :-
− Short-term = RED line
− Medium-term = ORANGE line
− Medium-long-term = BLUE line
− Long-term = LIME line
4. Trend line (thickest) :-
− GREEN = Bull trend
− RED = Bear trend