The purpose of the Force is to provide an indication of the pressure being applied to push the market lower or the pull being applied to the market to pull it higher.
The Rainbow Force can be used on any available timeframes and assets with volume data. It is a combination of Force instances of different lengths that are plotted on the same chart. The confluence zones can hint at a price reversal and help estimate the trend strength.
The Rainbow Force can be combined with other technical analysis tools as a trend-following indicator. When the trend is strong and the other indicators used to determine entry points send a bullish or a bearish signal, a position can be opened. When the trend is weak, opening new positions should not be to consider.
The Rainbow Force can also be used on its own. The angles of the Rainbow will hint at the trend strength. The steeper the curve, the stronger the trend. The flatter the curve, the weaker the trend. A Buy position can be opened in the beginning of a strong positive trend. A Sell position can be opened in the beginning of a strong negative trend.
During a strong trend, short-lived retracements can be found, and it is possible to enter a position in the direction of the general trend against the retracement.
The Rainbow mode can be experienced with the Multi RSI indicator as well.
Hi there, is it possible to test this thing out? Thank you in advance!
phankimtu
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Hi KryptoNight, can i try this amazing indicator,thank you so much
dynamicprophet
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Can i please try this? thank you
breathingsuccess12
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Hey Im back for another to try this out if I may. I have been learning anotd now im reading back on favorites. I have a clear understanding now at using the helpful tools at hand
cache_that_pass
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I’d like to try this out. Can you unlock access for me please?
prolophoto
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Hey, I'd really love to try this out. How could I go about doing so?
Gleyson1137
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I'm just a fan of your work, can you make that script available to me?
r00bz
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Hi there, is it possible to test this thing out? Thank you in advance!