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Rainbow Trend Main Indicator Overvierw

The basis for the entire Rainbow Trends Suite is the power of colors. Colors are used as tools to enable any trader to easily spot the strengths and weaknesses in the market. There are four bullish colors and four bearish colors used.

Bearish Candle Colors

Bullish Candle Colors

Example

Rainbow Trend Installation and Tuning

Each Rainbow Trending Indicator can be tuned specifically for your exact needs whether that be scalping DOGE on 15min candles or swing trading BTC on 4hr candles. The sections below will explain each setting and how it works.

Initial Indicator Setup

Within 24 hours of your order being completed, the Rainbow Trend Tool Suite will be linked to your Trading View account. These tools will be listed under the Invite Only Section of your Indicators and Strategies tab in Trading View.

** COLORS WILL ONLY DISPLAY PROPERLY AFTER YOU TELL TRADING VIEW TO BRING THE INDICATOR TO THE FRONT. **

This is due to the layering system used for indicators in Trading View. Once the Rainbow Trend has been added to your chart, click the bring forward option to allow the colors to be properly viewed. See graphic below.

Rainbow Color Tuning

Each asset has different strengths and weaknesses. The first step to using the indicator is to set your color tuning settings correctly. Shown below is the default settings (BTC/USDT 4hr) on a very volatile DOGE/USDT pair. At first, all of the candles are displayed at the strongest color (pink). After a simple adjustment to these two values in the settings, the trader can identify the exact thresholds and levels he wants displayed.

Rainbow Color Settings

Initial Color Threshold Shift – This setting is the main setting used to shift the threshold of when the indicator will change it’s colors in a linear manner.

Exponential Volatility Adjuster – This setting is a secondary tuner used to adjust for highly volatile coins (SHIB, DOGE, SOL, ETC, etc.). This setting will spread the different color thresholds further apart in an exponential manner.

Bear/Bull Trend Flip Settings

The Bull/Bear Trend Line can be easily adjusted by these two settings. The Offset will change the vertical displacement of the line and the other settings adjusts the “smoothness” of the lines. This is a very key tuning to use when the Trader is wanting to control how easily the trend flips between bullish and bear trends. For volatile alts displace the line up and decrease the # of bars.

Whale Marker Settings

Whale Markers are significant volume anomalies that are detected by the algorithm that are marked by bullish/bearish triangles. Each stock/coin has different volume flows in and out of the coin that the algorithm scans through. Adjusting the Sensitivity will allow the trader to custom tailor settings for the exact time frame and asset that they are trading.

Pivot Settings

Rainbow Pivots are significant price levels known identified by the algorithm that our traders use as important key support/resistance levels. These lines can be disabled entirely or adjusted exactly to what the Trader is looking for.

Bullish Trend Reversals

One of our most powerful aspects of the Rainbow Trend Indicator. The weakening strength of the Bulls is easily identifiable and allows the trader to fully take profit before the trend flips bearish.

Bearish Trend Reversals

One of our most powerful aspects of the Rainbow Trend Indicator. The weakening strength of the Bears is easily identifiable and allows the trader to stay hedged until it is safe to enter.

Whale Markers

Whale markers are significant volume anomalies that are detected by the algorithm that are marked by bullish/bearish triangles. These markers identify anomalies when Whales are making abnormal buys or sells. These markers are key in giving the trader advanced notice that Whales are entering or exiting positions before price is affected.

Rainbow Pivots

Rainbow Pivots are significant price levels identified by the algorithm that our traders use as important key support/resistance levels.