The script uses eight EMAs, with default lengths ranging from 21 to 55 periods, with an additional EMA with a default length of 200 periods. The lengths of the EMAs can be customized, when customizing, the shortest time frame should be first and the longest time frame last.
The ribbons gradient strength is calculated based on the EMA's sequence, and their separation. The color and transparency are set based on the calculated strength. The bolder the color, the stronger the strength. Use the opacity multiplier to increase/decrease the strength of the gradient.BITSTAMP:BTCUSD
Release Notes
⋅
Added the option to highlight behind the gradient. Added an offset EMA channel based on the width of the ribbon
Release Notes
⋅
Increased the minimum opacity of the ribbon to make the crossover visible
Release Notes
⋅
Added ema forecast extensions to the ribbon. Inspiration from this indicator developed by cupbearer