Rainbow ATR trading system
is a trading System based on ATR Channel and stepchoppy indicators which work best on 15M, 30M, 1H and 4H time frames and any currency pair.
Rainbow ATR trading system, Currency pair: EURUSD, Time period: H1
Using Rainbow ATR trading system
The trading system is based on two indicators which signify buying and selling signal. It uses:
- ATR channels (period 18, MA 49).;
- Steppy choppy bars v.2, period 18 , KV 1.0;
- Rune Trend period 18, slow trend arrow);
- RSI filter (9 period); optional.
- Step chppy V.1
Rune Trend buys arrow filtered by:
Steppy choppy bars v.2, blue color;
Step choppy V.1 blue color;
RSI blue color;
The price action of the price below the second blue line.
Rainbow ATR trading system, Currency pair: EURUSD, Time period: M30
Rune Trend sells arrow filtered by:
Steppy choppy bars v.2, red color;
Step choppy V.1 red color;
RSI red color;
The price action of the price below the second red line.
Rainbow ATR trading system, Currency pair: EURUSD, Time period: H4
Download Rainbow ATR trading system
You can download Rainbow ATR 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 Rainbow ATR trading system on your MT4, you need to:
1. Click on “Download” button above to download Rainbow ATR trading system;
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 “Rainbow ATR trading system” template to apply it on the chart;
Rainbow ATR trading system was developed by Pabloski trader and sent by an AtoZforex follower from Berlin, Alferd. AtoZforex does not carry any copyrights over this trading tool.