We focus on reducing the chance of loss. And trying to fix the Ribbon's main problem is signal lag. and more pseudo-signals when adjusting faster
What is OhManLan Ribbon? 1.) Up/Down signals that indicate a trend 2.) Partial Take-Profit signals that can be used as break-off signals 3.) OML Cloud that can be used as a support/resistance, as a stop loss or trailing stop, tells the strength of a trend and can also help reduce false up/down signals.
OhManLan Ribbon is an indicator that will make chart analysis easier for the crypto market.
### OML Colud The cloud are a visual representation of support and resistance , And its color also represents the strength of the trend, Using the cloud here allows smoother components.
- How to use - Buy when bar closes in Blue and Sell when bar closes in Orange, There are words to help you with reading the Up and Down signal, X is a Take-Profit signal. Sell partially when bar closes, Can be used with other indicators such as RSI (Divergence), Stochastic to confirm the accuracy.
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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.