OPEN-SOURCE SCRIPT
Ribbon Lines
MA Ribbon Lines Indicator
Description
The MA Ribbon Lines indicator creates a visually intuitive moving average ribbon between two customizable moving averages. It plots 5 evenly spaced lines between the two main MAs, forming a gradient ribbon that helps visualize the relationship and convergence/divergence between the moving averages.
Key Features:
Dual Moving Average System: Configure two moving averages with customizable types (EMA, SMA, WMA, etc.), lengths, and sources
Visual Ribbon Display: Shows 5 colored lines between the MAs, creating a gradient effect that makes trend transitions easy to identify
Color-Coded Visualization:
Lines gradually transition from green (#056656) near MA #1 to red (#b22833) near MA #2
Central line in neutral gray (#363a45) for clear separation
Opacity levels highlight proximity to each MA
Global Offset Control: Adjust all lines simultaneously forward or backward in time
Clean Interface: Simple settings with no color inputs for a streamlined user experience
How to Use:
Trend Identification: Ribbon expansion indicates strong trend momentum, while ribbon contraction suggests potential trend change
Support/Resistance: The ribbon lines can act as dynamic support/resistance levels
Crossover Confirmation: Visualize the space between MAs to anticipate crossovers
Default Settings: EMA 50 (green) and EMA 100 (red) with 10-bar forward offset
Best For:
Trend following strategies
Visualizing moving average relationships
Identifying trend strength and potential reversals
Multi-timeframe analysis
The indicator provides a clean, professional visualization of moving average dynamics without cluttering the chart, making it ideal for traders who prefer visual analysis of trend relationships.
Description
The MA Ribbon Lines indicator creates a visually intuitive moving average ribbon between two customizable moving averages. It plots 5 evenly spaced lines between the two main MAs, forming a gradient ribbon that helps visualize the relationship and convergence/divergence between the moving averages.
Key Features:
Dual Moving Average System: Configure two moving averages with customizable types (EMA, SMA, WMA, etc.), lengths, and sources
Visual Ribbon Display: Shows 5 colored lines between the MAs, creating a gradient effect that makes trend transitions easy to identify
Color-Coded Visualization:
Lines gradually transition from green (#056656) near MA #1 to red (#b22833) near MA #2
Central line in neutral gray (#363a45) for clear separation
Opacity levels highlight proximity to each MA
Global Offset Control: Adjust all lines simultaneously forward or backward in time
Clean Interface: Simple settings with no color inputs for a streamlined user experience
How to Use:
Trend Identification: Ribbon expansion indicates strong trend momentum, while ribbon contraction suggests potential trend change
Support/Resistance: The ribbon lines can act as dynamic support/resistance levels
Crossover Confirmation: Visualize the space between MAs to anticipate crossovers
Default Settings: EMA 50 (green) and EMA 100 (red) with 10-bar forward offset
Best For:
Trend following strategies
Visualizing moving average relationships
Identifying trend strength and potential reversals
Multi-timeframe analysis
The indicator provides a clean, professional visualization of moving average dynamics without cluttering the chart, making it ideal for traders who prefer visual analysis of trend relationships.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.