Average Rainbow Indicator
Multi-MA trend confirmation · 8-66 moving averages · Free · MT4
About Average Rainbow Indicator
The Average Rainbow (also called "Rainbow Multiple Moving Average" or "MA Rainbow") is a trend confirmation tool that stacks multiple moving averages — typically 8 or more, sometimes up to 66 — on the same chart in different colors. When all MAs stack in the same direction, they form a "rainbow" that visually confirms a strong trend.
Price behavior relative to this MA cluster reveals momentum strength: tight rainbow lines signal a powerful trend, while scattered lines suggest choppy/ranging conditions. The indicator works across forex, stocks, and crypto, and traders use it to filter out trades during weak or sideways markets.
- Platform: MetaTrader 4 / MetaTrader 5
- Type: Multi-MA trend confirmation indicator
- MA count: 8 (standard) to 66 (extended version)
- MA type: EMA (Exponential), SMA options available
- Color coding: Each MA a different color for visual separation
- Price: Free
- Source: earnforex.com · Rainbow Multiple Moving Average
Key Features
✓ Visually clear trend confirmation — tight rainbow = strong trend, scattered = choppy market
✓ Works across all markets and timeframes
✓ Free, available on ForexCracked and other indicator sites
⚠ Best as a filter or confirmation tool, not a standalone entry signal