Momentum Ribbon — Indicator by TheRiskChair

momentum movingaverage ema moving average sma hma ribbon

The Momentum Ribbon is a collection of Moving Averages which indicate the severity of pull-backs in a given market.

As the ribbon spreads apart, it indicates more and more significant support/resistance for a trending market. As it is compressed back together, it displays a blue colour to indicate a "cooling" of trend momentum.

Adjustable Moving Average periods and types! You can customize the parameters of your ribbon to your heart's content!

Release Notes:

Fixed commented code.

Release Notes:

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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

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.

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