Forex Rainbow MT4 Indicator

Forex Rainbow MT4 Indicator:

About the Forex Rainbow MT4 Indicator

Rainbow MT4 is a very simple indicator based on Moving average with period 34 and can be very useful.

When price crosses above MA and MA changes color to green, it’s a signal to buy.

When price crosses below MA and MA changes color to red, it’s a signal to sell.

Test results:

Forex Rainbow MT4 Indicator

Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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