NOTE: Because the originally released script failed to comply with the House Rule in the description, it was banned. After revising and reviewing the description, it is republished again. Please forgive the inconvenience caused.
Level: 1
Background
Mel Widner developed the Rainbow Oscillator and published it in 1997 in the Technical Analysis of Stocks and...
Ever since the people concluded that stock market price movements are not
random or chaotic, but follow specific trends that can be forecasted, they
tried to develop different tools or procedures that could help them identify
those trends. And one of those financial indicators is the Rainbow Oscillator
Indicator. The Rainbow Oscillator Indicator is...
![BTCUSDT: [blackcat] L1 Mel Widner Rainbow Oscillator](https://s3.tradingview.com/n/NutU7DkS_mid.png "[blackcat] L1 Mel Widner Rainbow Oscillator")
