Trend Ribbon

14 июл. 2020 г.

---------- INTRODUCTION ----------
Ribbon indicator is a trend indicator based on Moving Average
Default setting is 20 WMA

---------- HOW TO READ? ----------
Color
GREEN RIBBON = UP TREND (Short Term EMA above Long EMA )
RED RIBBON = DOWN TREND (Short Term EMA below Long EMA )

Candle's Position
Candle above ribbon = BULLISH
Candle below ribbon = BEARISH

Width
Width of the Ribbon is indicating the strength of the trend.
Wider ribbon indicating STRONG trend.
Thin ribbon indicating WEAK trend. May indicating Ranging.

---------- HOW TO TRADE? ----------
Only BUY when BULLISH and UPTREND
Avoid trading when ranging.


NOTES:-
Use with other indicators like FiFT or MCDX to measure the strength of the BULL .
Review Global Indices to feel Global market direction to support our trading decision