Rainbow Oscillator – Binary – indicator MetaTrader 5

Based on Mel Widner’s Rainbow Average (that is similar to Guppy MMA), here is a binary version of Rainbow Oscillator.

It shows only two states:

  • state up.
  • state down.

That makes it suitable for cases when a simple access to indicator values is required (like from experts).

📈 ROBOTFX MetaTrader Expert Advisors and Indicators to maximize profits and minimize the risks