The Rainbow Indicator is a simple LSMA indicator that gets itself renamed every few months to make some assh0le drinking money for the weekend.
I have attached two of the best LSMA indicators. The one named:
"LSMA trend - accelerated.mq4" is a very advanced indicator and offers something that these snake oil peddlers do not have: AccelerationFactor.
If AccelerationFactor is set to 1 it will give the same results as the regular one, but it seems to be interesting to accelerate it depending on the length of the trend in same direction (that way minor trend changes are almost ignored in the overall picture)
For the other indicator: "LSMA trend arrows.mq4", there is a parameter called ArrowCode. The settings for this are as follows:
ArrowCode - 159 are dots, 251 are crosses, or use any number from the Wingdings code table
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