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4 Rainbow indicator trend momentum strategy

May 03, 2018
4 Rainbow indicator trend momentum strategy

4 Rainbow indicator trend momentum strategy is a part of the MT4 trading system that uses a trend-momentum strategy for intraday trading based on 4 rainbow indicator and CCI histogram.

The 4 Rainbow indicator trend momentum strategy works on any currency pair and we recommend using it on M15, M30, and H1 timeframe.

Using 4 Rainbow indicator trend momentum strategy

4 Rainbow indicator trend momentum strategy indicator consists of MTF indicator and four LWMA. The period for LWMA is 15, 45, 90 and 135 and CCI histogram for a period of 1, 170 and 250. It also includes Ma cross MA, Price cross MA, Price cross MA Trend, Price cross Ma Paint.

4 Rainbow indicator trend momentum strategy

Buy strategy: The moving averages determine the buying strategy in 4 Rainbow indicator trend momentum strategy indicator. Buy when the price is above 135 MA and 15 MA crosses upward. The moving average should be in the range of 15 MA > 45 MA > 90 MA >135 MA and CCI histogram should be more than zero.

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Sell strategy: The moving averages determine the selling strategy in 4 Rainbow indicator trend momentum strategy indicator. Sell when the price is below 135 MA and 15 MA crosses downward next MA. The moving average should be in the range of 15 MA < 45 MA < 90 MA <135 MA and CCI histogram should be less than zero.

4 Rainbow indicator trend momentum strategy

Download 4 Rainbow indicator trend momentum strategy and Trading system

You can download 4 Rainbow indicator and trading system for free by clicking the “Download” button located at the top right corner.

Create your own custom EA or indicator

If you would like to create your own custom indicator or an EA, please contact AtoZ team saying “I want to create my own EA/indicator,” and describing your desired tool. Also, don’t miss out on various other indicators and EAs you can find in our database here.

How do you install an indicator?

In order to install 4 Rainbow indicator on your MT4, you need to:

1. Click on “Download” button above to download 4 Rainbow indicator;

2. Save the file to your computer;

3. Extract and move the files into ;

4. Restart your Metatrader platform;

5. Navigate to “Templates”;

6. And select “4 Rainbow” template to apply it on the chart;

Note: 4 Rainbow trading indicator trend momentum strategy was developed by Jeff Trader and sent by an AtoZforex follower from Berlin, Alfred . AtoZforex does not carry any copyrights over this trading tool.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.

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