memecators.fun Rolling Rainbow

2018年11月26日

Introducing a new addition to the colorful Memecators series.

The rolling rainbow uses an arbitrary pivot and calculates the deviation based on a short Fibonacci series.

2018年12月11日

版本注释

Introducing the latest Memecator - the Rolling Rainbow (RoRa).

The concept is simple. We employ a proprietary algorithm to select a pivot point in a deterministic fashion. Following selection, we used a short Fibonacci series to plot support and resistance areas away from the pivot . This works well when the price is moving sideways in the given time frame. If there is a strong trend causing the price to move beyond the last support or resistance, the pivot will be adjusted accordingly.