Sylvain Vervoort Rainbow Moving Average
It has one adjustable parameter:
- Period – calculation period
Calculations:
SVRMA = Value / 20.0
where:
Value = 5.0 * MA1 + 4.0 * MA2 + 3.0 * MA3 + 2.0 * MA4 + MA5 + MA6 + MA7 + MA8 + MA9 + MA10
MA1 = SMA(Close,Period)
MA2 = LWMA(MA1, Period)
MA3 = LWMA(MA2, Period)
MA4 = LWMA(MA3, Period)
MA5 = LWMA(MA4, Period)
MA6 = LWMA(MA5, Period)
MA7 = LWMA(MA6, Period)
MA8 = LWMA(MA7, Period)
MA9 = LWMA(MA8, Period)
MA10= LWMA(MA9, Period)
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