VMMA Ribbon + Q1/Q3 Echo Rays

simulates a series of vwma lines in a wave. Basically puts them in an array and calculates highest lowest values among other things ... The VMMA Ribbon + Q1/Q3 Echo Rays is a Pine Script v5 indicator that combines a dynamic Volume-Weighted Moving Average (VWMA) ribbon with interactive support/resistance "echo rays" based on the ribbon’s inner quartiles (Q1 and Q3). The ribbon is built from multiple VWMAs of increasing lengths, forming a band with an upper edge, lower edge, midline, and Q1/Q3 lines (representing the 25th and 75th percentiles of the band).
Edges are colored by slope (bullish = green, bearish = red) or use a default color.
Echo rays extend horizontally from recent swing lows in Q1 and swing highs in Q3, acting as dynamic support/resistance levels that "echo" past extremes until broken or surpassed.

Key Use CasesUse Case
Description
1. Trend Strength & Direction
Ribbon expansion = volatility; compression = consolidation. Slope-colored edges show momentum shifts early.
2. Dynamic Support & Resistance
Q1/Q3 echo rays mark high-probability reversal zones. Price respecting rays = continuation; break = reversal.
3. Mean Reversion Entries
Buy near Q1 ray in uptrend (oversold within band); sell near Q3 ray in downtrend.
4. Breakout Confirmation
Price breaking upper/lower edge + Q3/Q1 ray termination confirms strong breakout.
5. Volume-Weighted Context
Uses VWMA → more reactive to volume spikes than SMA → better for stocks/crypto with sudden volume surges.