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Rainbow Multiple Moving Average is a customizable multiple moving averages (66) indicator that helps detect trends.

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Rainbow Multiple Moving Average

Rainbow Multiple Moving Average (RMMA) is a custom moving average indicator for MT4 and MT5 coded by EarnForex.com. The original version of this indicator was coded by Akuma99 for MetaTrader 4. The indicator displays in form of 66 rainbow-colored moving averages.

You can use it like any other moving average indicator - to see the currency pair's trend and act accordingly.

Bollinger Squeeze Advanced indicator shows some potentially good trend-based entries on the hourly EUR/USD chart

More information about this custom MetaTrader indicator is available here: https://www.earnforex.com/metatrader-indicators/Rainbow-Multiple-Moving-Average/

Any contributions to the code are welcome!