Gaussian Rainbow Trend Indicator: Rainbow by Trend
Gaussian Rainbow trend indicator It resembles a fan in appearance moving averages and other indicators based on its use. However, the Gaussian Rainbow indicator differs significantly from them.
The Gaussian Rainbow indicator uses Gaussian filtering to obtain the first line, additional lines are calculated by filtering the previous line.
Gaussian Rainbow trend indicator can be used to identify trends, market overlaps and correction zones. The signal zones are the narrowing/expansion of the indicator, as well as the reversal of line colors.
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