It is not a help at all my friend... This method was used by many traders in the old days... It uses the slow, lagging SMAs and you can not compare it with Rainbow with WMAs... I did enough research about these existing methods and systems before I device my Rainbow to help my high-probability low frequency scalping...
The writer is not Ross -- Many old traders were using this way before Ross... and it was called as The Moving Average Channels... Ross, Raghee and others may have used that idea to develop their channels... Rainbow may look like a channel; but there is more to it...
Here is a link for you to enjoy: http://www.stock-charts-made-easy.co...e-channel.html
Cheers,
--
Trollmann
I know this method is very old, but I found Ross settings works sometimes with me in ranging or trending cases with PA but it's not the main chart
also I never compare it to the rainbow
just see the same position with kharvell and suggest a way May be help him to develop his rainbow cause I saw his late entry and early exit
thanks again for the link my friend
