This indicator plots and colour codes a ribbon between two moving averages. The colour of the ribbon changes with trend direction: when price in uptrend ribbon colour is green; when price in downtrend ribbon colour is red.
Options Available:
1) You can select between 11 different types of moving averages, each MA line can be a different type.
2) Option to display coloured Candles around the Ribbon, the colouring uses the Grab candles colour scheme:
Lime = Bull candle closed above Ribbon.
Green = Bear candle closed above Ribbon.
Red = Bull candle closed below Ribbon.
DarkRed = Bear candle closed below Ribbon.
Aqua = Bull candle closed inside Ribbon.
Blue = Bear candle closed inside Ribbon.
3) Option to base the candles on a higher time frame (HFT), this performed by increasing the MA length to create equivalent lengths from the HFT. So no re-painting. NOTE: The script will time out if the MA lengths get too long after resizing.
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Now allow anchor option to be used for Days and Weeks. Added option to use standard 3-tone bar colouring, or 6-tone Grab candle Colouring Fixed bug on bar colouring with some displays. Changed Ribbon MAs to dotted lines. Added more documentation in header.
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Minor aesthetic updates:
Changed MA Type input to options selection list, for easier MA type choosing.
Change to Disable coloured bars by default, to allow already installed scripts to colour bars first.
릴리즈 노트
... Minor Bug Fixes, some new options.
Corrected Anchor calculation for non-intraday charts.
Added implied GPL copyright notice.
Added option for both open and close outside ribbon colouring, instead of just close.
Added Laguerre MA type.
Some tidy up.
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... R5 revision Alerts. Added Alert Buy/Sell Entry and exits option based on candle colour:
When candle changes to green or lime, then Buy signal
When candle changes to red or darkred, then Sell signal.
When candle changes to different color to Buy/Sell then exit signal.
Added associated alarms to the TradingView's Alarm Subsystem, for the above Alerts.
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... Alert Filter
Added optional Filter for Alerts to only allow signals in direction of main trend, ie Fast MA Directional Slope colour must be same as Ribbon colour.
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Minor update
Change Anchor calculation to be based on Minutes for trading period Daily (1440 = 1 Day), Weekly (7200 = 5Days), and Monthly (30240 = 21 Days). This change makes the Anchor more consistent across the Intraday/extraDaily time frame crossover.
릴리즈 노트
Revision R5.1
Added optional central medium moving average, however, it does not have an active role on the alerts nor candle colouring.
Changed ZeroLag EMA to an alternative formula to make it different from DEMA.
Remove some redundant code in the Anchor calc.
릴리즈 노트
R5.2 Release:
Added optional to show and alert MA Ribbon Cross Overs. Buy signal on first Bullish candle and Sell on first Bearish candle.
Renamed some variables to make code easier to read.
Added LINREG option to the moving average type list.
Minor Bug fixes.
Added option to disable Ribbon completely when changing Chart TF to a higher time frame than specified Anchor TF.
진정한 TradingView 정신에 따라, 이 스크립트의 저자는 트레이더들이 이해하고 검증할 수 있도록 오픈 소스로 공개했습니다. 저자에게 박수를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 출판물에서 이 코드를 재사용하는 것은 하우스 룰에 의해 관리됩니다. 님은 즐겨찾기로 이 스크립트를 차트에서 쓸 수 있습니다.