Analyzer RainbowTrend

Buy RainbowTrend trading application in the store of automated robot systems

A visu­al indi­ca­tor of the trend and strength of the cur­ren­cies in the form of his­tograms and tables on the main chart, graph of the chang­ing trends of cur­ren­cies and unit of analy­sis in an addi­tion­al chart win­dow. Ana­lyzes 28 cur­ren­cy pairs formed from the 8 major cur­ren­cies (EUR, USD, GBP, JPY, AUD, CAD, CHF, NZD).

 Indicator features:

 

  1. Defines the trend direc­tion and pow­er of cur­ren­cies and sym­bols and builds col­ored bar dia­grams, tables, show­ing infor­ma­tion in the form of dig­i­tal val­ues and charts;
  2. Shows the posi­tion and change of trends of the cur­ren­cies in real time;
  3. Rep­re­sents the charts of his­to­ry of the trends for each cur­ren­cy pair on which the indi­ca­tor is set;
  4. Ana­lyzes cur­ren­cy in one of the select­ed modes (Unit of analy­sis).

Unit of analysis:

The unit con­sists of a list of analy­sis results and but­tons. The default analy­sis mode can be set through the Anal­i­sis para­me­ter. Use but­tons Next and Prev to switch between the analy­sis modes. But­ton Revs revers­es sort­ing of the rat­ing.

Modes of analy­sis:

  • - Cur­ren­cy rat­ing (Analysis=1);
  • - Cur­ren­cy force (Analysis=2);
  • - Sym­bols rat­ing (Analysis=3);
  • - Sym­bols force (Analysis=4).

An example of strategies on which you can trade with this indicator:

  1. Buy the strongest and sell the weak­est sym­bols;
  2. Buy or sell the sym­bols con­tain­ing the strongest or weak­est cur­ren­cies;
  3. Inter­sec­tion of trend lines — posi­tion chang­ing or clos­ing;
  4. Buy the cur­ren­cy, if the strength of a trend is above a cer­tain lev­el (for exam­ple 50 for the M15 chart);
  5. Buy/sell sym­bol if the strength of the trend id above/below a cer­tain lev­el (for exam­ple 50 for the M15 chart).
  • For a cor­rect oper­a­tion of the indi­ca­tor, open all of the sym­bols in the Mar­ket Watch win­dow.
  • Some time is required to down­load data for all cur­ren­cies from the bro­ker’s serv­er, so the indi­ca­tor can be chang­ing, until all the data is loaded.
  • In the strat­e­gy tester, the indi­ca­tor works only in the sta­t­ic mode.

Parameters of the indicator:

  • MAPer — the peri­od of the mov­ing aver­age used to deter­mine the trend;
  • MAMode - mov­ing aver­age draw­ing method;
  • Grid­Count — the num­ber of lines in the his­togram grid on the pos­i­tive and neg­a­tive sides;
  • Fix­Grid­Val­ue - fix­ing the top grid val­ue equal to a spe­cif­ic val­ue. 0 — auto­mat­ic grid val­ue;
  • Show­Val­ue - Show the val­ue of cur­ren­cy trend pow­er above the his­tograms;
  • Size­Font — font size fir the labels on the chart;
  • Analy­sis - num­ber­er of the analy­sis. Val­ues from 1 to 4;
  • LineWidth — the line width. A val­ue of 1 and more;
  • Lim­it­Count­ed­Bars - lim­it of stud­ied his­to­ry bars. Can be reduced to increase the speed;
  • clrXXX - col­or of the cur­ren­cies.

RainbowTrend

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