Rainbow Cloud
- Indicators
- Ayush Bhati -
- Version: 1.23
Color Candle Indicator. The indicator implements a breakout system using the channel.
When price exits the gray channel, the candlestick color changes to the color corresponding to trend direction. Blue for growth, yellow color for fall. Bright colors denote coincidence of trend direction and direction of a candlestick. Dark colors correspond to the situation when the direction of a candlestick is opposite to trend.