diff --git a/book/src/configuration.md b/book/src/configuration.md
index 253a07269d18..ecc21ec71ec4 100644
--- a/book/src/configuration.md
+++ b/book/src/configuration.md
@@ -256,11 +256,12 @@ tabpad = "·" # Tabs will look like "→···" (depending on tab width)
 
 Options for rendering vertical indent guides.
 
-| Key           | Description                                             | Default |
-| ---           | ---                                                     | ---     |
-| `render`      | Whether to render indent guides                         | `false` |
-| `character`   | Literal character to use for rendering the indent guide | `│`     |
-| `skip-levels` | Number of indent levels to skip                         | `0`     |
+| Key              | Description                                                          | Default |
+| ---              | ---                                                                  | ---     |
+| `render`         | Whether to render indent guides.                                     | `false` |
+| `character`      | Literal character to use for rendering the indent guide              | `│`     |
+| `skip-levels`    | Number of indent levels to skip                                      | `0`     |
+| `rainbow-option` | Enum to set rainbow indentations. Options: `normal`, `dim` and `none`| `none`  |
 
 Example:
 
@@ -269,6 +270,7 @@ Example:
 render = true
 character = "╎" # Some characters that work well: "▏", "┆", "┊", "⸽"
 skip-levels = 1
+rainbow-option = "normal"
 ```
 
 ### `[editor.gutters]` Section
diff --git a/book/src/themes.md b/book/src/themes.md
index 56d0372ca888..c2e3909b10fa 100644
--- a/book/src/themes.md
+++ b/book/src/themes.md
@@ -136,6 +136,17 @@ inherits = "boo_berry"
 berry = "#2A2A4D"
 ```
 
+### Rainbow
+
+The `rainbow` key is used for rainbow highlight for matching brackets.
+The key is a list of styles.
+
+```toml
+rainbow = ["#ff0000", "#ffa500", "#fff000", { fg = "#00ff00", modifiers = ["bold"] }]
+```
+
+Colors from the palette and modifiers may be used.
+
 ### Scopes
 
 The following is a list of scopes available to use for styling:
diff --git a/helix-term/src/ui/document.rs b/helix-term/src/ui/document.rs
index 80da1c5427b7..f406a6f9575e 100644
--- a/helix-term/src/ui/document.rs
+++ b/helix-term/src/ui/document.rs
@@ -7,9 +7,9 @@ use helix_core::syntax::Highlight;
 use helix_core::syntax::HighlightEvent;
 use helix_core::text_annotations::TextAnnotations;
 use helix_core::{visual_offset_from_block, Position, RopeSlice};
-use helix_view::editor::{WhitespaceConfig, WhitespaceRenderValue};
+use helix_view::editor::{RainbowIndentOptions, WhitespaceConfig, WhitespaceRenderValue};
 use helix_view::graphics::Rect;
-use helix_view::theme::Style;
+use helix_view::theme::{Modifier, Style};
 use helix_view::view::ViewPosition;
 use helix_view::Document;
 use helix_view::Theme;
@@ -310,6 +310,8 @@ pub struct TextRenderer<'a> {
     pub whitespace_style: Style,
     pub indent_guide_char: String,
     pub indent_guide_style: Style,
+    pub indent_guide_rainbow: RainbowIndentOptions,
+    pub theme: &'a Theme,
     pub newline: String,
     pub nbsp: String,
     pub space: String,
@@ -326,7 +328,7 @@ impl<'a> TextRenderer<'a> {
     pub fn new(
         surface: &'a mut Surface,
         doc: &Document,
-        theme: &Theme,
+        theme: &'a Theme,
         col_offset: usize,
         viewport: Rect,
     ) -> TextRenderer<'a> {
@@ -363,12 +365,19 @@ impl<'a> TextRenderer<'a> {
         };
 
         let text_style = theme.get("ui.text");
+        let basic_style = text_style.patch(
+            theme
+                .try_get("ui.virtual.indent-guide")
+                .unwrap_or_else(|| theme.get("ui.virtual.whitespace")),
+        );
 
         let indent_width = doc.indent_style.indent_width(tab_width) as u16;
 
         TextRenderer {
             surface,
             indent_guide_char: editor_config.indent_guides.character.into(),
+            indent_guide_rainbow: editor_config.indent_guides.rainbow_option.clone(),
+            theme,
             newline,
             nbsp,
             space,
@@ -379,11 +388,7 @@ impl<'a> TextRenderer<'a> {
             starting_indent: col_offset / indent_width as usize
                 + (col_offset % indent_width as usize != 0) as usize
                 + editor_config.indent_guides.skip_levels as usize,
-            indent_guide_style: text_style.patch(
-                theme
-                    .try_get("ui.virtual.indent-guide")
-                    .unwrap_or_else(|| theme.get("ui.virtual.whitespace")),
-            ),
+            indent_guide_style: basic_style,
             text_style,
             draw_indent_guides: editor_config.indent_guides.render,
             viewport,
@@ -477,8 +482,25 @@ impl<'a> TextRenderer<'a> {
                 as u16;
             let y = self.viewport.y + row;
             debug_assert!(self.surface.in_bounds(x, y));
-            self.surface
-                .set_string(x, y, &self.indent_guide_char, self.indent_guide_style);
+            match self.indent_guide_rainbow {
+                RainbowIndentOptions::None => {
+                    self.surface
+                        .set_string(x, y, &self.indent_guide_char, self.indent_guide_style)
+                }
+                RainbowIndentOptions::Dim => {
+                    let new_style = self
+                        .indent_guide_style
+                        .patch(self.theme.get_rainbow(i))
+                        .add_modifier(Modifier::DIM);
+                    self.surface
+                        .set_string(x, y, &self.indent_guide_char, new_style);
+                }
+                RainbowIndentOptions::Normal => {
+                    let new_style = self.indent_guide_style.patch(self.theme.get_rainbow(i));
+                    self.surface
+                        .set_string(x, y, &self.indent_guide_char, new_style);
+                }
+            };
         }
     }
 }
diff --git a/helix-view/src/editor.rs b/helix-view/src/editor.rs
index 1f27603c9011..7557d788ff2b 100644
--- a/helix-view/src/editor.rs
+++ b/helix-view/src/editor.rs
@@ -698,12 +698,21 @@ impl Default for WhitespaceCharacters {
     }
 }
 
+#[derive(Debug, Clone, PartialEq, Eq, Serialize, Deserialize)]
+#[serde(rename_all = "kebab-case")]
+pub enum RainbowIndentOptions {
+    None,
+    Dim,
+    Normal,
+}
+
 #[derive(Debug, Clone, PartialEq, Eq, Serialize, Deserialize)]
 #[serde(default, rename_all = "kebab-case")]
 pub struct IndentGuidesConfig {
     pub render: bool,
     pub character: char,
     pub skip_levels: u8,
+    pub rainbow_option: RainbowIndentOptions,
 }
 
 impl Default for IndentGuidesConfig {
@@ -712,6 +721,7 @@ impl Default for IndentGuidesConfig {
             skip_levels: 0,
             render: false,
             character: '│',
+            rainbow_option: RainbowIndentOptions::None,
         }
     }
 }
diff --git a/helix-view/src/theme.rs b/helix-view/src/theme.rs
index a8cc59260291..df7b7f2ab5b6 100644
--- a/helix-view/src/theme.rs
+++ b/helix-view/src/theme.rs
@@ -216,17 +216,19 @@ pub struct Theme {
     // tree-sitter highlight styles are stored in a Vec to optimize lookups
     scopes: Vec<String>,
     highlights: Vec<Style>,
+    rainbow_length: usize,
 }
 
 impl From<Value> for Theme {
     fn from(value: Value) -> Self {
         if let Value::Table(table) = value {
-            let (styles, scopes, highlights) = build_theme_values(table);
+            let (styles, scopes, highlights, rainbow_length) = build_theme_values(table);
 
             Self {
                 styles,
                 scopes,
                 highlights,
+                rainbow_length,
                 ..Default::default()
             }
         } else {
@@ -243,12 +245,13 @@ impl<'de> Deserialize<'de> for Theme {
     {
         let values = Map::<String, Value>::deserialize(deserializer)?;
 
-        let (styles, scopes, highlights) = build_theme_values(values);
+        let (styles, scopes, highlights, rainbow_length) = build_theme_values(values);
 
         Ok(Self {
             styles,
             scopes,
             highlights,
+            rainbow_length,
             ..Default::default()
         })
     }
@@ -256,10 +259,11 @@ impl<'de> Deserialize<'de> for Theme {
 
 fn build_theme_values(
     mut values: Map<String, Value>,
-) -> (HashMap<String, Style>, Vec<String>, Vec<Style>) {
+) -> (HashMap<String, Style>, Vec<String>, Vec<Style>, usize) {
     let mut styles = HashMap::new();
     let mut scopes = Vec::new();
     let mut highlights = Vec::new();
+    let mut rainbow_length = 0;
 
     // TODO: alert user of parsing failures in editor
     let palette = values
@@ -276,6 +280,27 @@ fn build_theme_values(
     styles.reserve(values.len());
     scopes.reserve(values.len());
     highlights.reserve(values.len());
+
+    for (i, style) in values
+        .remove("rainbow")
+        .and_then(|value| match palette.parse_style_array(value) {
+            Ok(styles) => Some(styles),
+            Err(err) => {
+                warn!("{}", err);
+                None
+            }
+        })
+        .unwrap_or_else(default_rainbow)
+        .iter()
+        .enumerate()
+    {
+        let name = format!("rainbow.{}", i);
+        styles.insert(name.clone(), *style);
+        scopes.push(name);
+        highlights.push(*style);
+        rainbow_length += 1;
+    }
+
     for (name, style_value) in values {
         let mut style = Style::default();
         if let Err(err) = palette.parse_style(&mut style, style_value) {
@@ -288,7 +313,7 @@ fn build_theme_values(
         highlights.push(style);
     }
 
-    (styles, scopes, highlights)
+    (styles, scopes, highlights, rainbow_length)
 }
 
 impl Theme {
@@ -349,6 +374,25 @@ impl Theme {
                 .all(|color| !matches!(color, Some(Color::Rgb(..))))
         })
     }
+
+    pub fn rainbow_length(&self) -> usize {
+        self.rainbow_length
+    }
+
+    pub fn get_rainbow(&self, index: usize) -> Style {
+        self.highlights[index % self.rainbow_length]
+    }
+}
+
+fn default_rainbow() -> Vec<Style> {
+    vec![
+        Style::default().fg(Color::Red),
+        Style::default().fg(Color::Yellow),
+        Style::default().fg(Color::Green),
+        Style::default().fg(Color::Blue),
+        Style::default().fg(Color::Cyan),
+        Style::default().fg(Color::Magenta),
+    ]
 }
 
 struct ThemePalette {
@@ -479,6 +523,24 @@ impl ThemePalette {
         }
         Ok(())
     }
+
+    /// Parses a TOML array into a [`Vec`] of [`Style`]. If the value cannot be
+    /// parsed as an array or if any style in the array cannot be parsed then an
+    /// error is returned.
+    pub fn parse_style_array(&self, value: Value) -> Result<Vec<Style>, String> {
+        let mut styles = Vec::new();
+
+        for v in value
+            .as_array()
+            .ok_or_else(|| format!("Theme: could not parse value as an array: '{}'", value))?
+        {
+            let mut style = Style::default();
+            self.parse_style(&mut style, v.clone())?;
+            styles.push(style);
+        }
+
+        Ok(styles)
+    }
 }
 
 impl TryFrom<Value> for ThemePalette {
@@ -553,4 +615,51 @@ mod tests {
                 .add_modifier(Modifier::BOLD)
         );
     }
+
+    #[test]
+    fn test_parse_valid_style_array() {
+        let theme = toml::toml! {
+            rainbow = ["#ff0000", "#ffa500", "#fff000", { fg = "#00ff00", modifiers = ["bold"] }]
+        };
+
+        let palette = ThemePalette::default();
+
+        let rainbow = theme.get("rainbow").unwrap();
+        let parse_result = palette.parse_style_array(rainbow.clone());
+
+        assert_eq!(
+            Ok(vec![
+                Style::default().fg(Color::Rgb(255, 0, 0)),
+                Style::default().fg(Color::Rgb(255, 165, 0)),
+                Style::default().fg(Color::Rgb(255, 240, 0)),
+                Style::default()
+                    .fg(Color::Rgb(0, 255, 0))
+                    .add_modifier(Modifier::BOLD),
+            ]),
+            parse_result
+        )
+    }
+
+    #[test]
+    fn test_parse_invalid_style_array() {
+        let palette = ThemePalette::default();
+
+        let theme = toml::toml! { invalid_hex_code = ["#f00"] };
+        let invalid_hex_code = theme.get("invalid_hex_code").unwrap();
+        let parse_result = palette.parse_style_array(invalid_hex_code.clone());
+
+        assert_eq!(
+            Err("Theme: malformed hexcode: #f00".to_string()),
+            parse_result
+        );
+
+        let theme = toml::toml! { not_an_array = { red = "#ff0000" } };
+        let not_an_array = theme.get("not_an_array").unwrap();
+        let parse_result = palette.parse_style_array(not_an_array.clone());
+
+        assert_eq!(
+            Err("Theme: could not parse value as an array: '{ red = \"#ff0000\" }'".to_string()),
+            parse_result
+        )
+    }
 }