Rainbow Ranga – AKM

This indicator is essentially a GPS based on envelope as channel gauging and weather radar for the market wrapped into one. Instead of just giving you a bunch of lines to guess at, it calculates the mathematical "stretch" of the market and combines it with a multi-timeframe trend analysis to tell you exactly where you are.

if price is outside band it is some fundamental shift in momentum happening if you are on wrong side then quit and stay away or go with trend on pull backs