Rainbow Road allows you to visualise the price in relation to the barriers of support and resistance that are the moving averages. The price can be observed breaking above barriers , or falling below them.
Rainbow Road displays these bands like a ribbon so that the strength or weakness of a security such as Bitcoin, can be observed in a very vibrant and obvious fashion.
The name "Rainbow Road" is inspired by the final course of the Special Cup featured in all Mario Kart games and is the climactic course of each game it appears.
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To find the indicator, select Indicators at the top of your chart, and search for Rainbow Road. In order for you to make your chart look exactly like this one when you apply the Rainbow Road indicator, you will need to follow these simple steps.
1. Right click on your chart -> Price Scale -> Undo Indicator Labels 2. Right click on your chart -> Price Scale -> Undo Indicator Last Value 3. Right click on your chart -> Color Theme -> Black 4. Right click on your chart -> Properties -> Background -> Vert Grid Lines -> Slide transparency bar -> Horz Grid Lines -> Slide transparency bar
If you would like to customize the color or thickness of the lines, that option is available in the indicator settings.
Oh, this is great. I understand what you did. It's just a simple psychological trick to help us stay in focus. Thanks!
To all the other: just study the fluidity of intersecting ind 'winding' of the road. Think of it as an organic, fluid like substance. How should it move in advance? ... you get it.
To all the other: just study the fluidity of intersecting ind 'winding' of the road. Think of it as an organic, fluid like substance. How should it move in advance? ... you get it.