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- 2018.05.24 13:31
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Based on Mel Widner's Rainbow Average (that is similar to Guppy MMA), here is a binary version of Rainbow Oscillator.
It shows only two states:
- state up.
- state down.
That makes it suitable for cases when a simple access to indicator values is required (like from experts).
![Rocket RSI](https://c.mql5.com/i/code/indicator.png)
The "RocketRSI" indicator by John F. Ehlers. Used to indicate strong probabilities of cyclical reversals.
![Rainbow Oscillator](https://c.mql5.com/i/code/indicator.png)
The Rainbow Oscillator indicator is mainly intended to show the trend of the market. But, using the levels you can use it to assess overbought and oversold conditions too.
![Bollinger Bands - EMA Deviation](https://c.mql5.com/i/code/indicator.png)
This version of Bollinger Bands does not use standard deviation for Upper and Lower Bands, but uses the EMA deviation.
![BB Stops - EMA Deviation](https://c.mql5.com/i/code/indicator.png)
This version of BB Stops changes uses EMA deviation for calculation.