OPEN-SOURCE SCRIPT
Rainbow Fibonacci Momentum - SuperTrend
Updated
🌈 "Rainbow Fibonacci Momentum - SuperTrend" Indicator 🌈
IMPORTANT: as this is a complex and elaborate TREND ANALYSIS on the graph, ALL INDICATORS REPAINT.
Experience the brilliance of "Rainbow Fibonacci Momentum - SuperTrend" for your technical analysis on TradingView! This versatile indicator allows you to visualize various types of Moving Averages, including Simple Moving Averages (SMA), Exponential Moving Averages (EMA), Weighted Moving Averages (WMA), Hull Moving Averages (HMA), and Volume Weighted Moving Averages (VWMA).
Each MA displayed in a unique color to create a stunning rainbow effect. This makes it easier for you to identify trends and potential trading opportunities.
Key Features:
📊 Multiple Moving Average Types - Choose from a range of moving average types to suit your analysis.
🎨 Stunning Color Gradient - Each moving average type is displayed in a unique color, creating a beautiful rainbow effect.
📉 Overlay Compatible - Use it as an overlay on your price chart for clear trend insights.
With the "Rainbow Fibonacci Momentum - SuperTrend" indicator, you'll add a burst of color to your trading routine and gain a deeper understanding of market trends.
HOW IT WORKS
MA Lines:
Header Color Indicators:
Footer Color Indicators:
Background Colors:
Tiny Arrows Indicators/Alerts:
Big Arrows Indicators/Alerts:
IMPORTANT: as this is a complex and elaborate TREND ANALYSIS on the graph, ALL INDICATORS REPAINT.
Experience the brilliance of "Rainbow Fibonacci Momentum - SuperTrend" for your technical analysis on TradingView! This versatile indicator allows you to visualize various types of Moving Averages, including Simple Moving Averages (SMA), Exponential Moving Averages (EMA), Weighted Moving Averages (WMA), Hull Moving Averages (HMA), and Volume Weighted Moving Averages (VWMA).
Each MA displayed in a unique color to create a stunning rainbow effect. This makes it easier for you to identify trends and potential trading opportunities.
Key Features:
📊 Multiple Moving Average Types - Choose from a range of moving average types to suit your analysis.
🎨 Stunning Color Gradient - Each moving average type is displayed in a unique color, creating a beautiful rainbow effect.
📉 Overlay Compatible - Use it as an overlay on your price chart for clear trend insights.
With the "Rainbow Fibonacci Momentum - SuperTrend" indicator, you'll add a burst of color to your trading routine and gain a deeper understanding of market trends.
HOW IT WORKS
MA Lines:
- MA - 5: purple lines
- MA - 8: blue lines
- MA - 13: green lines
- MA - 21: yellow lines
- MA - 34: orange lines
- MA - 55: red line
Header Color Indicators:
- Purple: MA-5 is in uptrend on the chart
- Blue: MA-5 and MA-8 are in the uptrend on the chart
- Green: MA-5, MA-8 and MA-13 are in the uptrend on the chart
- Yellow: MA-5, MA-8, MA-13 and MA-21 are in the uptrend on the chart
- Orange: MA-5, MA-8, MA-13, MA-21 and MA-34 are in the uptrend on the chart
- Red: MA-5, MA-8, MA-13, MA-21, MA-34 and MA-55 are in the uptrend on the chart
- Red + White Arrow: All MAs are correctly aligned in the uptrend on the chart
Footer Color Indicators:
- Purple: MA-5 is in downtrend on the chart
- Blue: MA-5 and MA-8 are in the downtrend on the chart
- Green: MA-5, MA-8 and MA-13 are in the downtrend on the chart
- Yellow: MA-5, MA-8, MA-13 and MA-21 are in the downtrend on the chart
- Orange: MA-5, MA-8, MA-13, MA-21 and MA-34 are in the downtrend on the chart
- Red: MA-5, MA-8, MA-13, MA-21, MA-34 and MA-55 are in the downtrend on the chart
- Red + White Arrow: All MAs are correctly aligned in the downtrend on the chart
Background Colors:
- Light Red: All MAs are on the rise!
- Red: All MAs are align correctly on the rise!
- Light Green: All MAs are in freefall!
- Green: All MAs are align correctly in freefall!
Tiny Arrows Indicators/Alerts:
- Down Arrow: All MAs are in freefall!
- Up Arrow: All MAs are on the rise!
Big Arrows Indicators/Alerts:
- Down Arrow: All MAs are align correctly in freefall!
- Up Arrow: All MAs are align correctly on the rise!
Release Notes
🌈 "Rainbow Fibonacci Momentum - SuperTrend" Indicator 🌈IMPORTANT: as this is a complex and elaborate TREND ANALYSIS on the graph, ALL INDICATORS REPAINT.
Experience the brilliance of "Rainbow Fibonacci Momentum - SuperTrend" for your technical analysis on TradingView! This versatile indicator allows you to visualize various types of Moving Averages, including Simple Moving Averages (SMA), Exponential Moving Averages (EMA), Weighted Moving Averages (WMA), Hull Moving Averages (HMA), and Volume Weighted Moving Averages (VWMA).
Each MA displayed in a unique color to create a stunning rainbow effect. This makes it easier for you to identify trends and potential trading opportunities.
Key Features:
📊 Multiple Moving Average Types - Choose from a range of moving average types to suit your analysis.
🎨 Stunning Color Gradient - Each moving average type is displayed in a unique color, creating a beautiful rainbow effect.
📉 Overlay Compatible - Use it as an overlay on your price chart for clear trend insights.
With the "Rainbow Fibonacci Momentum - SuperTrend" indicator, you'll add a burst of color to your trading routine and gain a deeper understanding of market trends.
HOW IT WORKS
MA Lines:
• MA - 5: purple lines
• MA - 8: blue lines
• MA - 13: green lines
• MA - 21: yellow lines
• MA - 34: orange lines
• MA - 55: red line
Header Color Indicators:
• Purple: MA-5 is in uptrend on the chart
• Blue: MA-5 and MA-8 are in the uptrend on the chart
• Green: MA-5, MA-8 and MA-13 are in the uptrend on the chart
• Yellow: MA-5, MA-8, MA-13 and MA-21 are in the uptrend on the chart
• Orange: MA-5, MA-8, MA-13, MA-21 and MA-34 are in the uptrend on the chart
• Red: MA-5, MA-8, MA-13, MA-21, MA-34 and MA-55 are in the uptrend on the chart
• Red + White Arrow: All MAs are correctly aligned in the uptrend on the chart
Footer Color Indicators:
• Purple: MA-5 is in downtrend on the chart
• Blue: MA-5 and MA-8 are in the downtrend on the chart
• Green: MA-5, MA-8 and MA-13 are in the downtrend on the chart
• Yellow: MA-5, MA-8, MA-13 and MA-21 are in the downtrend on the chart
• Orange: MA-5, MA-8, MA-13, MA-21 and MA-34 are in the downtrend on the chart
• Red: MA-5, MA-8, MA-13, MA-21, MA-34 and MA-55 are in the downtrend on the chart
• Red + White Arrow: All MAs are correctly aligned in the downtrend on the chart
Background Colors:
• Light Red: All MAs are on the rise!
• Red: All MAs are align correctly on the rise!
• Light Green: All MAs are in freefall!
• Green: All MAs are align correctly in freefall!
Tiny Arrows Indicators/Alerts:
• Down Arrow: All MAs are in freefall!
• Up Arrow: All MAs are on the rise!
Big Arrows Indicators/Alerts:
• Down Arrow: All MAs are align correctly in freefall!
• Up Arrow: All MAs are align correctly on the rise!
Updated (just text correction):
• Tiny Arrows Name = Super Trend (Down/Up)
• Big Arrows Name = Mega Trend (Down/Up)
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.