Ari Bull Band

2022년 6월 5일

The ARI Bull Band is an indicator based on EMA, HMA and RSI.

When the band is GREEN, the market is on an uptrend.
When the band is RED, the market is on a downtrend.

When the band is Green:
If the candle closes above the band and RSI is overbought, a red triangle will be painted on the top of the candle, suggesting a selling opportunity

When the band is Red:
If the candle closes below the band and RSI is oversold, a green triangle will be painted on the bottom of the candle, suggesting a buying opportunity

Why are the band painted with different shades?
Different shades of red and green identify the relationship between the price and its moving averages.
When the price is below the band and the price action is a downtrend, the band will be painted purple.
When the price is above the band and the price action is an uptrend, the band will be painted in dark Green.

2022년 6월 29일

릴리즈 노트

Added an indicator "M" signalling when the ribbon height reaches its max