Rainbows!

Setup:
1. Download the preset for free!
2. Add it to your presets folder or select the file by browsing presets in the hamburger menu on the Effects & Presets panel.
3. You’re done!

Using the preset
1. Create an empty shape layer (Layer > New > Shape Layer)
2. Open up your Effects & Presets Panel (Window > Effects & Presets)
3. Search for the Rainbow preset and apply it to the shape layer.
4.Then copy and paste your custom path into the Rainbow Path information.

Controls:
You should be able to control up to 6 bands of color, the rainbow band thickness, spacing, colors, stroke, start, end, and offsets.

NOTE:
(closed paths recommended)
When applying the preset to an open path it will offset the stroke creating double the bands.
When applying to a closed path it will stay with in 6 bands.