Sylvain_Vervoort_rainbow_moving_average - MetaTrader 5 script

Sylvain Vervoort Rainbow Moving Average

It has one tunable parameter:

SVRMA = value / 20.0

Value = 5.0 * MA1 + 4.0 * MA2 + 3.0 * MA3 + 2.0 * MA4 + MA5 + MA6 + MA7 + MA8 + MA9 + MA10

MA1 = SMA (closing price, period)
MA2 = LWMA(MA1, period)
MA3 = LWMA(MA2, period)
MA4 = LWMA(MA3, period)
MA5 = LWMA(MA4, period)
MA6 = LWMA(MA5, period)
MA7 = LWMA(MA6, period)
MA8 = LWMA(MA7, period)
MA9 = LWMA(MA8, period)
MA10= LWMA(MA9, period)

Attachment download

📎 sylvain_vervoort_rainbow_moving_average.mq5 (13.66 KB)

Source: MQL5 #22696