Ever since the people concluded that stock market price movements are not
random or chaotic, but follow specific trends that can be forecasted, they
tried to develop different tools or procedures that could help them identify
those trends. And one of those financial indicators is the Rainbow Oscillator
Indicator. The Rainbow Oscillator Indicator is...
The strategy is based on the following idea:
Not a fan of this but no script was present to show this idea's performance.
Best suitable for the 1-minute chart. You can change the ema values as per your needs.
For Tips to continue :) -