CMP - Ribbon Trader
A custom indicator and trading strategy for the Cartoon Money Printers (CMP) community.
Indicator based off of multiple custom length moving averages. The indicator includes a set of easy to follow rules and strategy. Great for scalping!
----- STRATEGY -----
- Trade With The Trend
- Use The 15 Min. Chart
- Watch for Trend Flip
When Price crosses both Primary Lines
and closes candle on the opposite
- Enter Trade on the retest of the Primary Lines
- Stop-Loss Placement
(Longs) Below the most recent low
(Shorts) Above the most recent high
- 1st Take Profit at 0.5% Price move from entry
- Additional Take Profits your judgement
- Recommended Trade Close
Line 1 Crosses back across Line 3
Or move Stop-loss to entry after TP1
- Additional Scalp Entries with trend continuation*Any Retest of Primary Lines
enter 1st reversal candle*Break & Close across both Primary Lines
followed by a break back across and close
enter on close of candle breaking back across
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact CartoonMoneyPrinters directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact CartoonMoneyPrinters directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.