OPEN-SOURCE SCRIPT
Updated Zen rEMA v2

Rainbow Indicator
Release Notes
Indicator - rEMA (Rainbow EMA)Credit Ali Moin-Afshari for his awesome material.
This indicator colours the moving average (MA) when there are consecutive bars.
Release Notes
Made more streamlinedRelease Notes
New updates for itRelease Notes
V4Fixed some MA / acceleration issues
Release Notes
Update to fix Always In Estimate IndicatorRemember context is more important than just bars
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.