PROTECTED SOURCE SCRIPT
Trend Ribbon

---------- INTRODUCTION ----------
Ribbon indicator is a trend indicator based on Moving Average
Default setting is 20 WMA
---------- HOW TO READ? ----------
Color
GREEN RIBBON = UP TREND (Short Term EMA above Long EMA )
RED RIBBON = DOWN TREND (Short Term EMA below Long EMA )
Candle's Position
Candle above ribbon = BULLISH
Candle below ribbon = BEARISH
Width
Width of the Ribbon is indicating the strength of the trend.
Wider ribbon indicating STRONG trend.
Thin ribbon indicating WEAK trend. May indicating Ranging.
---------- HOW TO TRADE? ----------
Only BUY when BULLISH and UPTREND
Avoid trading when ranging.
NOTES:-
Use with other indicators like FiFT or MCDX to measure the strength of the BULL .
Review Global Indices to feel Global market direction to support our trading decision
Ribbon indicator is a trend indicator based on Moving Average
Default setting is 20 WMA
---------- HOW TO READ? ----------
Color
GREEN RIBBON = UP TREND (Short Term EMA above Long EMA )
RED RIBBON = DOWN TREND (Short Term EMA below Long EMA )
Candle's Position
Candle above ribbon = BULLISH
Candle below ribbon = BEARISH
Width
Width of the Ribbon is indicating the strength of the trend.
Wider ribbon indicating STRONG trend.
Thin ribbon indicating WEAK trend. May indicating Ranging.
---------- HOW TO TRADE? ----------
Only BUY when BULLISH and UPTREND
Avoid trading when ranging.
NOTES:-
Use with other indicators like FiFT or MCDX to measure the strength of the BULL .
Review Global Indices to feel Global market direction to support our trading decision
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Contact me to learn Turtle Trading System, MCDX and other indicators (t.me/SgxFx)
tradingview.com/script/mbiUr95n-MCDX-Plus/
tradingview.com/script/mcAidXIT-FiFT-Pro/
tradingview.com/script/viAR3Ilo-Trend-Sign
tradingview.com/script/mbiUr95n-MCDX-Plus/
tradingview.com/script/mcAidXIT-FiFT-Pro/
tradingview.com/script/viAR3Ilo-Trend-Sign
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Contact me to learn Turtle Trading System, MCDX and other indicators (t.me/SgxFx)
tradingview.com/script/mbiUr95n-MCDX-Plus/
tradingview.com/script/mcAidXIT-FiFT-Pro/
tradingview.com/script/viAR3Ilo-Trend-Sign
tradingview.com/script/mbiUr95n-MCDX-Plus/
tradingview.com/script/mcAidXIT-FiFT-Pro/
tradingview.com/script/viAR3Ilo-Trend-Sign
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.