Rainbow Multiple Moving Average (Rainbow MMA)

Category: trend

A visual trend indicator consisting of 66 moving averages of varying periods, grouped into color bands to visualize trend strength, direction, and market volatility through spread.

Formula

$MA_i = \text{MovingAverage}(\text{Price}, \text{Period}_i, \text{Method})$ where $i \in [1, 66]$ and periods range from 2 to 200.

Inputs

• MA_Type (default: MODE_EMA)
• MA_Price (default: PRICE_CLOSE)
• MA_Period_01 (default: 200)

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