NeoButane

TEMA/hullMA Ribbon with Bollinger Bands

Designed for shorted time frames.

Bollinger bands based off of TEMA as source.
Ribbon based off TEMA and hullMA divergence.
RMA used to signal Bollinger bands .

Ribbon:
pinch -> reversal
blue -> sign of possible uptrend
red -> sign of possible downtrend


Bollinger bands background:
blue -> sign of continuing uptrend
red -> sign of continuing downtrend

Release Notes: Updated BB code, ribbon remains unchanged
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?
My published indicators: https://www.tradingview.com/u/NeoButane/#published-scripts

Sorry if I haven't replied to your message yet, I'm a bit backlogged :)

Comments

Thanks for sharing!!! Great work!!!!!!
+1 Reply
NeoButane sudhir.mehta
You're welcome! Anything you like in particular or think needs changing?
Reply
Thank you for this awesome indicator. I made and a couple of changes to the settings and find it works fantastically well on the 1H chart. I use it to trade Crypto by the way. Well done my friend. Ken (UK)
Reply
This is an elegant tool. Is the BB background colour meant to be changing as well, I couldn't see it in the style settings.
Reply
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