NeoButane Bollinger Band MACD Ribbon — Indicator by NeoButane

Moving Average Convergence / Divergence (MACD) Bollinger Bands (BB)

MACD with faster reacting parameters and Bollinger bands overlaid on it. It signals quite often so it is best to use with other indicators.

Wide ribbon: continuing trend
Ribbon pinch: reversal
Ribbon pinch outside of bands: strong reversal

My published indicators: www.tradingview.com/u/NeoButane/

Sorry if I haven't replied to your message yet, I'm a bit backlogged :)

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