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.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.