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Rainbow Fractals

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This Indicator uses the Bill Williams Fractals with coloring based on the Peak High/Low of the most recent RSI Value.

This helps quickly identify RSI bearish and bullish divergence without having a RSI lower indicator loaded onto the chart.

When the RSI is between 40 and 60 no fractals are posted. Lighter colored fractals are closer to a RSI value of 50 and darker fractals or further away from a RSI value of 50.

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