EMA/SMA RibbonThis indicator plots a two-line moving-average ribbon built from:
15-period EMA calculated on OHLC4 (Open+High+Low+Close)/4, with no offset
22-period SMA calculated on OHLC4, plotted with an offset of +6 bars
The space between the two averages is filled to form a ribbon:
Green ribbon when the EMA is above the SMA (using the SMA’s plotted/offset position so the color matches what you see on the chart)
Red ribbon when the SMA is above the EMA
Notes / Behavior:
The indicator uses the chart timeframe (no custom timeframe logic).
Because the SMA is intentionally shifted forward by 6 bars, the ribbon color is calculated against the visually aligned SMA so the color reflects the displayed relationship between the two lines.
No crossover markers or dots are plotted (ribbon-only).
How to use:
Use the ribbon color as a quick visual trend bias:
Green generally suggests bullish bias (EMA leading above the shifted SMA)
Red generally suggests bearish bias (EMA below the shifted SMA)
Pine Script® indicator
