OPEN-SOURCE SCRIPT

Rainbow Strategy

The strategy is based on the following idea:
youtube.com/watch?v=0uZO0upxE1U

Not a fan of this but no script was present to show this idea's performance.

Best suitable for the 1-minute chart. You can change the ema values as per your needs.



For Tips to continue :) -
BTC: 1BjswGcRR6c23pka7qh5t5k56j46cuyyy2
ETH: 0x64fed71c9d6c931639c7ba4671aeb6b05e6b3781
LTC: LKT2ykQ8QSzzfTDB6Tnsf12xwYPjgq95h4
Exponential Moving Average (EMA)rainbowSimple Moving Average (SMA)strategyWeighted Moving Average (WMA)

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Disclaimer