Madrid

Madrid MA Ribbon Bar v2

This script is the second version of the Moving average Ribbon Bar, a companion study of the MA Ribbon. In this version the display is changed, instead of lines, it display the results in stacked bars, making it more user friendly and allowing it to be expanded or contracted without loosing visual continuity.
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//
// Madrid : 26/Feb/2015 21:41: Moving Average Ribbon Bar: 2.0
// MMARB
// http://madridjourneyonws.blogspot.com/
//
// This is based on the Madrid Moving Average Ribbon study, 
// it displays the output in a bar format to better identify
// entry points, up/down trends and reversals
//


study(title="Madrid MA Ribbon Bar v2", shorttitle="MMARB", precision=0)

exponential = input(true, title="Exponential MA")

src = close

ma05 = exponential ? ema(src, 05) : sma(src, 05)
ma10 = exponential ? ema(src, 10) : sma(src, 10)
ma15 = exponential ? ema(src, 15) : sma(src, 15)
ma20 = exponential ? ema(src, 20) : sma(src, 20)
ma25 = exponential ? ema(src, 25) : sma(src, 25)
ma30 = exponential ? ema(src, 30) : sma(src, 30)
ma35 = exponential ? ema(src, 35) : sma(src, 35)
ma40 = exponential ? ema(src, 40) : sma(src, 40)
ma45 = exponential ? ema(src, 45) : sma(src, 45)
ma50 = exponential ? ema(src, 50) : sma(src, 50)
ma55 = exponential ? ema(src, 55) : sma(src, 55)
ma60 = exponential ? ema(src, 60) : sma(src, 60)
ma65 = exponential ? ema(src, 65) : sma(src, 65)
ma70 = exponential ? ema(src, 70) : sma(src, 70)
ma75 = exponential ? ema(src, 75) : sma(src, 75)
ma80 = exponential ? ema(src, 80) : sma(src, 80)
ma85 = exponential ? ema(src, 85) : sma(src, 85)
ma90 = exponential ? ema(src, 90) : sma(src, 90)
ma95 = exponential ? ema(src, 95) : sma(src, 95)
ma100 = exponential ? ema(src, 100) : sma(src, 100)

leadMAColor = change(ma05)>=0 and ma05>ma100 ? lime
            : change(ma05)<0  and ma05>ma100 ? maroon
            : change(ma05)<=0 and ma05<ma100 ? red
            : change(ma05)>=0 and ma05<ma100 ? green
            : gray
maColor(ma, maRef) => 
              change(ma)>=0 and ma05>maRef ? lime
            : change(ma)<0  and ma05>maRef ? maroon
            : change(ma)<=0 and ma05<maRef ? red
            : change(ma)>=0 and ma05<maRef ? green
            : gray


plot( 05, color=leadMAColor, style=columns, title="MMA05", linewidth=2, histbase=00)
plot( 10, color=maColor(ma10,ma100), style=columns, title="MMA10", linewidth=2, histbase=05)
plot( 15, color=maColor(ma15,ma100), style=columns, title="MMA15", linewidth=2, histbase=10)
plot( 20, color=maColor(ma20,ma100), style=columns, title="MMA20", linewidth=2, histbase=15)
plot( 25, color=maColor(ma25,ma100), style=columns, title="MMA25", linewidth=2, histbase=20)
plot( 30, color=maColor(ma30,ma100), style=columns, title="MMA30", linewidth=2, histbase=25)
plot( 35, color=maColor(ma35,ma100), style=columns, title="MMA35", linewidth=2, histbase=30)
plot( 40, color=maColor(ma40,ma100), style=columns, title="MMA40", linewidth=2, histbase=35)
plot( 45, color=maColor(ma45,ma100), style=columns, title="MMA45", linewidth=2, histbase=40)
plot( 50, color=maColor(ma50,ma100), style=columns, title="MMA50", linewidth=2, histbase=45)
plot( 55, color=maColor(ma55,ma100), style=columns, title="MMA55", linewidth=2, histbase=50)
plot( 60, color=maColor(ma60,ma100), style=columns, title="MMA60", linewidth=2, histbase=55)
plot( 65, color=maColor(ma65,ma100), style=columns, title="MMA65", linewidth=2, histbase=60)
plot( 70, color=maColor(ma70,ma100), style=columns, title="MMA70", linewidth=2, histbase=65)
plot( 75, color=maColor(ma75,ma100), style=columns, title="MMA75", linewidth=2, histbase=70)
plot( 80, color=maColor(ma80,ma100), style=columns, title="MMA80", linewidth=2, histbase=75)
plot( 85, color=maColor(ma85,ma100), style=columns, title="MMA85", linewidth=2, histbase=80)
plot( 90, color=maColor(ma90,ma100), style=columns, title="MMA90", linewidth=2, histbase=85)
plot( 95, color=maColor(ma90,ma100), style=columns, title="MMA95", linewidth=2, histbase=90)
plot( 100, color=maColor(ma90,ma100), style=columns, title="MMA100", linewidth=2, histbase=95)
is there is anyone trading only using this indicator, if it's how? help please.
Reply
This is gold. Thanks a lot!
Reply
This is ridiculously useful, Thanks. Sincerely.
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