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The Moving Average Rainbow Indicator

The Moving Average Rainbow Indicator

Many Moving Averages Can Create Support and Resistance Zones

Sofien Kaabar, CFA's avatar
Sofien Kaabar, CFA
Apr 30, 2025
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The Moving Average Rainbow Indicator
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Collections of moving averages can lead to reinforced support and resistance zones. Sometimes, you may need to create an area between two moving averages and consider it as a reversal zone. This article discusses the simple idea of combining 7 close moving averages to form a zone.

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