Gaussian rainbow Forex Indicator

The Gaussian Rainbow MA forex indicator is built up of multiple moving averages with different periods.

It consists of short-term, medium-term and longer-term moving averages.

This creates the Gaussian Rainbow MT4 indicator.

It’s an easy to follow trend following forex indicator that is built on sound logic.

• A bullish trend occurs when candlesticks are trading above the Gaussian Rainbow. Look here for buy trades.
• A bearish trend occurs when candlesticks are trading below the Gaussian Rainbow. Look here for sell trades.

It’s a good idea to experiment a bit with the indicator’s default period (40) setting to suit your needs.

Try it for scalping, day trading and swing trading.

It can be used as a standalone buy/sell indicator or together with an oscillator to scalp in the direction of the overall Rainbow trend.