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Simple Enhanced MMA
The Enhanced MMA (Multi-Moving Average) Ribbon System
This is a comprehensive trend-following indicator that displays 28 moving averages simultaneously, creating a "ribbon" effect that reveals market structure at a glance. Think of it as a heat map of price momentum across multiple timeframes.
Key Components:
1. The Ribbon Structure:
Fast MAs (2-18): React quickly to price changes - for scalping and short-term momentum
Medium MAs (20-50): Core trend indicators - the "backbone" of the trend
Slow MAs (55-100): Long-term trend and major support/resistance levels
2. Visual Intelligence:
Green lines: MA is rising (bullish momentum)
Red lines: MA is falling (bearish momentum)
Yellow lines: Key levels at MA20 and MA50 (institutional favorites)
Cloud shading: Shows the relationship between MA20/50 - green cloud = bull market, red = bear market
How to Read It:
Ribbon Expansion/Compression:
When MAs spread apart → Strong trending market
When MAs compress together → Consolidation, potential breakout coming
When all MAs align in order → Powerful trend in progress
Trading Signals:
BUY signal: MA20 crosses above MA50 (Golden Cross)
SELL signal: MA20 crosses below MA50 (Death Cross)
Trend label: Shows overall market bias
Best Use Cases:
Trend confirmation - When all MAs are green and spreading = strong uptrend
Support/Resistance - MAs act as dynamic support in uptrends, resistance in downtrends
Entry timing - Wait for price to pull back to the ribbon in a trend
Trend exhaustion - When fast MAs start changing color while slow ones haven't = potential reversal
The Power of This Indicator:
It's like having 28 trend advisors all voting on market direction. When they all agree (all green or all red), you have high conviction. When they're mixed, the market is in transition. The ribbon literally shows you the "flow" of the market - you can see momentum ripple through the timeframes like a wave.
Pro tip: The most powerful moves happen when the ribbon goes from completely compressed (all MAs bunched together) to rapidly expanding in one direction - that's when big trends are born!
This is a comprehensive trend-following indicator that displays 28 moving averages simultaneously, creating a "ribbon" effect that reveals market structure at a glance. Think of it as a heat map of price momentum across multiple timeframes.
Key Components:
1. The Ribbon Structure:
Fast MAs (2-18): React quickly to price changes - for scalping and short-term momentum
Medium MAs (20-50): Core trend indicators - the "backbone" of the trend
Slow MAs (55-100): Long-term trend and major support/resistance levels
2. Visual Intelligence:
Green lines: MA is rising (bullish momentum)
Red lines: MA is falling (bearish momentum)
Yellow lines: Key levels at MA20 and MA50 (institutional favorites)
Cloud shading: Shows the relationship between MA20/50 - green cloud = bull market, red = bear market
How to Read It:
Ribbon Expansion/Compression:
When MAs spread apart → Strong trending market
When MAs compress together → Consolidation, potential breakout coming
When all MAs align in order → Powerful trend in progress
Trading Signals:
BUY signal: MA20 crosses above MA50 (Golden Cross)
SELL signal: MA20 crosses below MA50 (Death Cross)
Trend label: Shows overall market bias
Best Use Cases:
Trend confirmation - When all MAs are green and spreading = strong uptrend
Support/Resistance - MAs act as dynamic support in uptrends, resistance in downtrends
Entry timing - Wait for price to pull back to the ribbon in a trend
Trend exhaustion - When fast MAs start changing color while slow ones haven't = potential reversal
The Power of This Indicator:
It's like having 28 trend advisors all voting on market direction. When they all agree (all green or all red), you have high conviction. When they're mixed, the market is in transition. The ribbon literally shows you the "flow" of the market - you can see momentum ripple through the timeframes like a wave.
Pro tip: The most powerful moves happen when the ribbon goes from completely compressed (all MAs bunched together) to rapidly expanding in one direction - that's when big trends are born!
Script de código aberto
No verdadeiro espirito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam entendê-lo e verificá-lo. Parabéns ao autor Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações e regida pelas Regras da Casa.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script de código aberto
No verdadeiro espirito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam entendê-lo e verificá-lo. Parabéns ao autor Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações e regida pelas Regras da Casa.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.