Engineering Alpha

Engineering Alpha

Improve Your Market Forecasts With This New Technical Indicator

Discussing a New Technical Indicator and Coding it in TradingView

Sofien Kaabar, CFA's avatar
Sofien Kaabar, CFA
Mar 22, 2024
∙ Paid

This article discusses one of the indicators of a set called the Rainbow Indicators which are structured and unique combinations of price-derived techniques aimed to help the trader predict reversals or to confirm the on-going trend. The indicator discussed is called the Green indicator, a contrarian method based on the concept of slope-infused RSI’s.

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