“Rainbow Exponential Moving Averages”
“Sets of Moving Averages”
“Metatrader 4 / 5 Compatible”
Changelog: Rainbow EMA v1, Rainbow EMA v1.20
A powerful MetaTrader 4 (MT4) indicator that provides clear buy/sell signals based on 7 Exponential Moving Averages (EMAs)? The Rainbow EMA Indicator is designed to generate high-probability signals when all EMAs align perfectly!
🔹 Perfect for trend-following strategies
🔹 Customizable alerts (sound, email, push notifications)
🔹 Beautiful rainbow-colored EMAs for easy visualization
✅ 7 EMA Lines – Based on Fibonacci sequence (5, 8, 13, 21, 34, 55, 89) for optimal spacing
✅ Smart Signal Detection – Buy/sell signals when all EMAs align in perfect order
✅ Visual & Audio Alerts – Arrows on chart + notifications
✅ Anti-Spam Protection – Prevents duplicate signals
✅ Trend Strength Visualization – Bullish & bearish zones with dynamic colors
🔵 Buy Signal Conditions:
All EMAs in ascending order:
EMA5 > EMA8 > EMA13 > EMA21 > EMA34 > EMA55 > EMA89
Price closes above EMA5 (confirmation)
No duplicate signals on the same bar
🔴 Sell Signal Conditions:
All EMAs in descending order:
EMA5 < EMA8 < EMA13 < EMA21 < EMA34 < EMA55 < EMA89
Price closes below EMA5 (confirmation)
No duplicate signals on the same bar
1️⃣ Download the Rainbow EMA.ex4 files at ultimatefxtools.com
2️⃣ Copy the files to your Indicators folder
3️⃣ Restart MT4 or refresh the Navigator panel
4️⃣ Drag & drop the indicator onto your chart
5️⃣ Customize settings (EMA periods, alerts, colors)
✔ Trend Confirmation – Use signals to enter trades in strong trends
✔ Multi-Timeframe Analysis – Combine with higher/lower timeframes for better accuracy
✔ Filter with RSI/MACD – Avoid false signals by adding momentum indicators
🚀 Download & start trading with precision signals today!
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