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OPEN-SOURCE SCRIPT

Noro's Trend Ribbon Strategy

By ROBO_Trading
Updated
One moving average ( SMA ) is used. The channel is convened at a moving average rather than prices. Blue is a uptrend. Red is a downtrend.

If the candle has closed above the ribbon - open long (and close short)
If the candle has closed below the ribbon - open short (and close long)
Release Notes
+ ohlc4
Release Notes
+ Signal Source
Release Notes
+ MA Type (sma, ema, vwma)
Release Notes
+ MA Type (rma)
Release Notes
+ checkbox (long, short, etc)
Moving Averages

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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ROBO_Trading
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