OPEN-SOURCE SCRIPT
Ribbon Lines
MA Ribbon Lines Indicator
Description
The MA Ribbon Lines indicator creates a visually intuitive moving average ribbon between two customizable moving averages. It plots 5 evenly spaced lines between the two main MAs, forming a gradient ribbon that helps visualize the relationship and convergence/divergence between the moving averages.
Key Features:
Dual Moving Average System: Configure two moving averages with customizable types (EMA, SMA, WMA, etc.), lengths, and sources
Visual Ribbon Display: Shows 5 colored lines between the MAs, creating a gradient effect that makes trend transitions easy to identify
Color-Coded Visualization:
Lines gradually transition from green (#056656) near MA #1 to red (#b22833) near MA #2
Central line in neutral gray (#363a45) for clear separation
Opacity levels highlight proximity to each MA
Global Offset Control: Adjust all lines simultaneously forward or backward in time
Clean Interface: Simple settings with no color inputs for a streamlined user experience
How to Use:
Trend Identification: Ribbon expansion indicates strong trend momentum, while ribbon contraction suggests potential trend change
Support/Resistance: The ribbon lines can act as dynamic support/resistance levels
Crossover Confirmation: Visualize the space between MAs to anticipate crossovers
Default Settings: EMA 50 (green) and EMA 100 (red) with 10-bar forward offset
Best For:
Trend following strategies
Visualizing moving average relationships
Identifying trend strength and potential reversals
Multi-timeframe analysis
The indicator provides a clean, professional visualization of moving average dynamics without cluttering the chart, making it ideal for traders who prefer visual analysis of trend relationships.
Description
The MA Ribbon Lines indicator creates a visually intuitive moving average ribbon between two customizable moving averages. It plots 5 evenly spaced lines between the two main MAs, forming a gradient ribbon that helps visualize the relationship and convergence/divergence between the moving averages.
Key Features:
Dual Moving Average System: Configure two moving averages with customizable types (EMA, SMA, WMA, etc.), lengths, and sources
Visual Ribbon Display: Shows 5 colored lines between the MAs, creating a gradient effect that makes trend transitions easy to identify
Color-Coded Visualization:
Lines gradually transition from green (#056656) near MA #1 to red (#b22833) near MA #2
Central line in neutral gray (#363a45) for clear separation
Opacity levels highlight proximity to each MA
Global Offset Control: Adjust all lines simultaneously forward or backward in time
Clean Interface: Simple settings with no color inputs for a streamlined user experience
How to Use:
Trend Identification: Ribbon expansion indicates strong trend momentum, while ribbon contraction suggests potential trend change
Support/Resistance: The ribbon lines can act as dynamic support/resistance levels
Crossover Confirmation: Visualize the space between MAs to anticipate crossovers
Default Settings: EMA 50 (green) and EMA 100 (red) with 10-bar forward offset
Best For:
Trend following strategies
Visualizing moving average relationships
Identifying trend strength and potential reversals
Multi-timeframe analysis
The indicator provides a clean, professional visualization of moving average dynamics without cluttering the chart, making it ideal for traders who prefer visual analysis of trend relationships.
Скрипт с открытым кодом
В истинном духе TradingView, создатель этого скрипта сделал его открытым исходным кодом, чтобы трейдеры могли проверить и убедиться в его функциональности. Браво автору! Вы можете использовать его бесплатно, но помните, что перепубликация кода подчиняется нашим Правилам поведения.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Скрипт с открытым кодом
В истинном духе TradingView, создатель этого скрипта сделал его открытым исходным кодом, чтобы трейдеры могли проверить и убедиться в его функциональности. Браво автору! Вы можете использовать его бесплатно, но помните, что перепубликация кода подчиняется нашим Правилам поведения.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.