Passytroca
New member
How to Trade with Moving Average Ribbons
Expanding Ribbon: End of a Trend
When moving averages widen and separate (ribbon "expansion"), it signals the potential end of a trend. Moving averages, like magnets, attract each other and will eventually close the gap.
Contracting Ribbon: Trend Change
When moving averages converge (ribbon "contraction"), a trend change might be starting. Shorter-term moving averages converge first, followed by the longer-term ones.
Parallel Ribbon: Strong Trend
Parallel and evenly spaced moving averages indicate a strong trend, showing that all averages are moving in sync.
Monitor Spacing Between Moving Averages
Don't just focus on moving average crossovers or twists. The relative positioning of short-term and long-term moving averages indicates trend direction (down, neutral, up). The spacing between them shows trend strength (weak, neutral, strong).
Here is my contribution. I didn't see this exact indicator on this forum. Thank you all for all your posts.
# 19 EMA Ribbon by Passytroca based on TS original MovAvgExpRibbon.
EMA Change color: if crossed by close (default)
Expanding Ribbon: End of a Trend
When moving averages widen and separate (ribbon "expansion"), it signals the potential end of a trend. Moving averages, like magnets, attract each other and will eventually close the gap.
Contracting Ribbon: Trend Change
When moving averages converge (ribbon "contraction"), a trend change might be starting. Shorter-term moving averages converge first, followed by the longer-term ones.
Parallel Ribbon: Strong Trend
Parallel and evenly spaced moving averages indicate a strong trend, showing that all averages are moving in sync.
Monitor Spacing Between Moving Averages
Don't just focus on moving average crossovers or twists. The relative positioning of short-term and long-term moving averages indicates trend direction (down, neutral, up). The spacing between them shows trend strength (weak, neutral, strong).
Here is my contribution. I didn't see this exact indicator on this forum. Thank you all for all your posts.
# 19 EMA Ribbon by Passytroca based on TS original MovAvgExpRibbon.
EMA Change color: if crossed by close (default)
![HDqsV82.png](/proxy.php?image=https%3A%2F%2Fi.imgur.com%2FHDqsV82.png&hash=51cd20568105a58f9c7a564c756b98da)
Code:
input price = close;
input baseLength = 10;
input incrementOrMultiplier = 10;
input arithOrGeom1or2 = 1;
plot XMA1;
plot XMA2;
plot XMA3;
plot XMA4;
plot XMA5;
plot XMA6;
plot XMA7;
plot XMA8;
plot XMA9;
plot XMA10;
plot XMA11;
plot XMA12;
plot XMA13;
plot XMA14;
plot XMA15;
plot XMA16;
plot XMA17;
plot XMA18;
plot XMA19;
if (arithOrGeom1or2 == 1)
then {
XMA1 = ExpAverage(price, baseLength);
XMA2 = ExpAverage(price, baseLength + 1 * incrementOrMultiplier);
XMA3 = ExpAverage(price, baseLength + 2 * incrementOrMultiplier);
XMA4 = ExpAverage(price, baseLength + 3 * incrementOrMultiplier);
XMA5 = ExpAverage(price, baseLength + 4 * incrementOrMultiplier);
XMA6 = ExpAverage(price, baseLength + 5 * incrementOrMultiplier);
XMA7 = ExpAverage(price, baseLength + 6 * incrementOrMultiplier);
XMA8 = ExpAverage(price, baseLength + 7 * incrementOrMultiplier);
XMA9 = ExpAverage(price, baseLength + 8 * incrementOrMultiplier);
XMA10 = ExpAverage(price, baseLength + 9 * incrementOrMultiplier);
XMA11 = ExpAverage(price, baseLength + 10 * incrementOrMultiplier);
XMA12 = ExpAverage(price, baseLength + 11 * incrementOrMultiplier);
XMA13 = ExpAverage(price, baseLength + 12 * incrementOrMultiplier);
XMA14 = ExpAverage(price, baseLength + 13 * incrementOrMultiplier);
XMA15 = ExpAverage(price, baseLength + 14 * incrementOrMultiplier);
XMA16 = ExpAverage(price, baseLength + 15 * incrementOrMultiplier);
XMA17 = ExpAverage(price, baseLength + 16 * incrementOrMultiplier);
XMA18 = ExpAverage(price, baseLength + 17 * incrementOrMultiplier);
XMA19 = ExpAverage(price, baseLength + 18 * incrementOrMultiplier);
} else {
XMA1 = ExpAverage(price, baseLength);
XMA2 = ExpAverage(price, baseLength * Power(incrementOrMultiplier, 1));
XMA3 = ExpAverage(price, baseLength * Power(incrementOrMultiplier, 2));
XMA4 = ExpAverage(price, baseLength * Power(incrementOrMultiplier, 3));
XMA5 = ExpAverage(price, baseLength * Power(incrementOrMultiplier, 4));
XMA6 = ExpAverage(price, baseLength * Power(incrementOrMultiplier, 5));
XMA7 = ExpAverage(price, baseLength * Power(incrementOrMultiplier, 6));
XMA8 = ExpAverage(price, baseLength * Power(incrementOrMultiplier, 7));
XMA9 = ExpAverage(price, baseLength * Power(incrementOrMultiplier, 8));
XMA10 = ExpAverage(price, baseLength* Power(incrementOrMultiplier, 9));
XMA11 = ExpAverage(price, baseLength * Power(incrementOrMultiplier, 10));
XMA12 = ExpAverage(price, baseLength * Power(incrementOrMultiplier, 11));
XMA13 = ExpAverage(price, baseLength * Power(incrementOrMultiplier, 12));
XMA14 = ExpAverage(price, baseLength * Power(incrementOrMultiplier, 13));
XMA15 = ExpAverage(price, baseLength * Power(incrementOrMultiplier, 14));
XMA16 = ExpAverage(price, baseLength * Power(incrementOrMultiplier, 15));
XMA17 = ExpAverage(price, baseLength * Power(incrementOrMultiplier, 16));
XMA18 = ExpAverage(price, baseLength * Power(incrementOrMultiplier, 17));
XMA19 = ExpAverage(price, baseLength * Power(incrementOrMultiplier, 18));
}
DefineGlobalColor("X1", CreateColor(255, 50, 0));
DefineGlobalColor("X2", CreateColor(255, 60, 0));
DefineGlobalColor("X3", CreateColor(255, 70, 0));
DefineGlobalColor("X4", CreateColor(255, 80, 0));
DefineGlobalColor("X5", CreateColor(255, 90, 0));
DefineGlobalColor("X6", CreateColor(255, 100, 0));
DefineGlobalColor("X7", CreateColor(255, 110, 0));
DefineGlobalColor("X8", CreateColor(255, 120, 0));
DefineGlobalColor("X9", CreateColor(255, 130, 0));
DefineGlobalColor("X10", CreateColor(255, 140, 0));
DefineGlobalColor("X11", CreateColor(255, 150, 0));
DefineGlobalColor("X12", CreateColor(255, 160, 0));
DefineGlobalColor("X13", CreateColor(255, 170, 0));
DefineGlobalColor("X14", CreateColor(255, 180, 0));
DefineGlobalColor("X15", CreateColor(255, 190, 0));
DefineGlobalColor("X16", CreateColor(255, 200, 0));
DefineGlobalColor("X17", CreateColor(255, 210, 0));
DefineGlobalColor("X18", CreateColor(255, 220, 0));
DefineGlobalColor("X19", CreateColor(255, 230, 0));
DefineGlobalColor("Xx1", CreateColor(0, 255, 50));
DefineGlobalColor("Xx2", CreateColor(0, 255, 60));
DefineGlobalColor("Xx3", CreateColor(0, 255, 70));
DefineGlobalColor("Xx4", CreateColor(0, 255, 80));
DefineGlobalColor("Xx5", CreateColor(0, 255, 90));
DefineGlobalColor("Xx6", CreateColor(0, 255,100));
DefineGlobalColor("Xx7", CreateColor(0, 255, 110));
DefineGlobalColor("Xx8", CreateColor(0, 255, 120));
DefineGlobalColor("Xx9", CreateColor(0, 255, 130));
DefineGlobalColor("Xx10", CreateColor(0,255, 140));
DefineGlobalColor("Xx11", CreateColor(0, 255, 150));
DefineGlobalColor("Xx12", CreateColor(0, 255, 160));
DefineGlobalColor("Xx13", CreateColor(0, 255, 170));
DefineGlobalColor("Xx14", CreateColor(0, 255, 180));
DefineGlobalColor("Xx15", CreateColor(0, 255, 190));
DefineGlobalColor("Xx16", CreateColor(0, 255, 200));
DefineGlobalColor("Xx17", CreateColor(0, 255, 210));
DefineGlobalColor("Xx18", CreateColor(0, 255, 220));
DefineGlobalColor("Xx19", CreateColor(0, 255, 230));
XMA1 .AssignValueColor( if Xma1 <= Xma1[1] then GlobalColor("X1")else GlobalColor("Xx1"));
XMA2 .AssignValueColor( if Xma2 <= Xma2[1] then GlobalColor("X2")else GlobalColor("Xx2"));
XMA3 .AssignValueColor( if Xma3 <= Xma3[1] then GlobalColor("X3")else GlobalColor("Xx3"));
XMA4 .AssignValueColor( if Xma4 <= Xma4[1] then GlobalColor("X4")else GlobalColor("Xx4"));
XMA5 .AssignValueColor( if XMA5 <= XMA5[1] then GlobalColor("X5")else GlobalColor("Xx5"));
XMA6 .AssignValueColor( if XMA6 <= XMA6[1] then GlobalColor("X6")else GlobalColor("Xx6"));
XMA7 .AssignValueColor( if XMA7 <= XMA7[1] then GlobalColor("X7")else GlobalColor("Xx7"));
XMA8 .AssignValueColor( if XMA8 <= XMA8[1] then GlobalColor("X8")else GlobalColor("Xx8"));
XMA9 .AssignValueColor( if XMA9 <= XMA9[1] then GlobalColor("X9")else GlobalColor("Xx9"));
XMA10 .AssignValueColor( if XMA10 <= XMA10[1] then GlobalColor("X10")else GlobalColor("Xx10"));
XMA11 .AssignValueColor( if XMA11 <= XMA11[1] then GlobalColor("X11")else GlobalColor("Xx11"));
XMA12 .AssignValueColor( if Xma12 <= Xma12[1] then GlobalColor("X12")else GlobalColor("Xx12"));
XMA13 .AssignValueColor( if Xma13 <= Xma13[1] then GlobalColor("X13")else GlobalColor("Xx13"));
XMA14 .AssignValueColor( if Xma14 <= Xma14[1] then GlobalColor("X14")else GlobalColor("Xx14"));
XMA15 .AssignValueColor( if Xma15 <= Xma15[1] then GlobalColor("X15")else GlobalColor("Xx15"));
XMA16 .AssignValueColor( if Xma16 <= Xma16[1] then GlobalColor("X16")else GlobalColor("Xx16"));
XMA17 .AssignValueColor( if Xma17 <= Xma17[1] then GlobalColor("X17")else GlobalColor("Xx17"));
XMA18 .AssignValueColor( if Xma18 <= Xma18[1] then GlobalColor("X18")else GlobalColor("Xx18"));
XMA19 .AssignValueColor( if Xma19 <= Xma19[1] then GlobalColor("X19")else GlobalColor("Xx19"));
Last edited by a moderator: