ROBO_Trading

Noro's Trend Ribbon Strategy

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)

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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