MA Ribbon Colored Bars

Euro Fx/U.S. DollarFXCM

Description

⋅ Jun 26, 2019 4:33 PM

This script color codes the price bars based on the close-value position relative to a moving average ribbon. Rainbow colors used for simplicity and readability.

Use to study which colors are most likely to produce continuation vs. reversal.

**** MUST use bars, not Japanese candles! ****

Comments

Kaarby1

⋅ Sep 30, 2023 4:01 PM

Please explain what we should be looking for, color bars ?

blakrck

⋅ May 4, 2023 9:34 AM

colour bars meaning ?