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Moving Average Ribbon

A ribbon that uses a fast EMA , a slow EMA , and a signal EMA . By default the signal EMA is invisible.

When the fast EMA > slow EMA the default fill is green, and then red when the fast EMA < slow EMA . The signal EMA adds a 2nd flavor to the ribbon. When the fast EMA > slow EMA , if the signal is beneath the fast EMA , the ribbon fill changes its color to a brighter green. When the fast EMA < slow EMA , if the signal is above the fast EMA , the ribbon fill changes its color to a brighter red. Many times these little "fishhook" pullbacks are buying/shorting opportunities in the dominate trend.

Try settings of 8/21/8 Fast/Slow/Signal, with the "Zero-Lag Signal" check box checked. Zero-Lag is a simple algorithm that tries to remove as much lag as possible from an EMA . An 8 EMA will run "slower" than an 8 Zero-Lag EMA .

Additionally, 2 simple alerts are available for whenever the fast EMA crosses above the slow EMA , and the opposite.

Cheers.
Release Notes:
  • Added new moving average types: Simple, Weighted, Volume-Weighted
Release Notes:
  • Fixed VWMA Bug.
Release Notes:
  • Added Hull MA.
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