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The Rainbow Moving Average (RMA) displays several moving average lines simultaneously.
When the lines intersect, it’s an indicator of price reversal and the angle of the lines are helpful to predict the trend strength.
The steeper the curve, the stronger the trend.
When the price crosses the moving average lines from below, it signals an upward trend.
When the price crosses the moving average lines from above, it signals a downward trend.
The RMA is easier to use compared to using several different moving average indicators at once.
On Deriv’s DTrader, you can use Rainbow Moving Average for free and apply it on any chart you want.
To log in to Deriv’s DTrader, go to Deriv Official Website.