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The Rainbow Indicator, Another Way to Follow the Trend.

Presenting and Coding a Complete Trend-Following Indicator in Python.

The Rainbow Indicator is a mix between a trend-following and a contrarian system. It is a combination of Smoothed Moving Averages that are used together to confirm a beginning or end of a trend. In this article, we will build the Rainbow Indicator from…



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Sofien Kaabar, CFA

Top writer in Finance, Investing, Business | Trader & Author of Mastering Financial Pattern Recognition Link to my Book: