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EMA Ribbons

103

  • The Gray Ribbon (EMA 1–3) is designed for trend trading. When the market is trending, price tends to respect the ribbon and bounce off it. If price frequently chops through the ribbon, the market is likely ranging and the ribbon should be ignored.

  • The 100 EMA and 200 EMA (EMA 4 & 5) are commonly used as dynamic support and resistance levels.

  • EMA 6 & 7 are calculated from a higher timeframe to provide broader market context.




Release Notes
v1.1

Update log :
  • Now the Indicator can work in 5m and 1m timeframe
Release Notes
V1.2

Update Log :
  • You can know change the Ribbon colours.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

mikeeeeeeeXBT
Also on:
Exponential Moving Average (EMA)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Exponential Moving Average (EMA)

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

mikeeeeeeeXBT
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.