John Mann1

EMA Ribbon for BO

ema
Moving Averages Ribbon for Binary Options trading
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.

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.

Want to use this script on a chart?
// Created By John Mann
// This Indicator Plots a EMA with Color Based On Upward or Downward Slope
// Created 06/06/2015 

study(title = "EMA Ribbon for BO", shorttitle="MA Ribbon", overlay=true)


src1 = close, len1 = input(08, minval=1, title="EMA Length")
src2 = close, len2 = input(14, minval=1, title="EMA Length")
src3 = close, len3 = input(20, minval=1, title="EMA Length")
src4 = close, len4 = input(26, minval=1, title="EMA Length")
src5 = close, len5 = input(32, minval=1, title="EMA Length")
src6 = close, len6 = input(38, minval=1, title="EMA Length")
src7 = close, len7 = input(44, minval=1, title="EMA Length")
src8 = close, len8 = input(50, minval=1, title="EMA Length")

src0 = close, len0 = input(60, minval=1, title="EMA Length")



ema1 = ema(src1, len1)
ema2 = ema(src2, len2)
ema3 = ema(src3, len3)
ema4 = ema(src4, len4)
ema5 = ema(src5, len5)
ema6 = ema(src6, len6)
ema7 = ema(src7, len7)
ema8 = ema(src8, len8)

ema0 = ema(src0, len0)



//ema is smoothed to 2 periods, you can change smoothing by adjusting the number in the bracket below
//example [1] would react quicker and [3] would increase smoothing

plot_color1 = ema1 >= ema1[2]  ? #4985E7 : ema1 < ema1[2] ? #4985E6 : na
plot_color2 = ema2 >= ema2[2]  ? #4985E7 : ema2 < ema2[2] ? #4985E6 : na
plot_color3 = ema3 >= ema3[2]  ? #4985E7 : ema3 < ema3[2] ? #4985E6 : na
plot_color4 = ema4 >= ema4[2]  ? #4985E7 : ema4 < ema4[2] ? #4985E6 : na
plot_color5 = ema5 >= ema5[2]  ? #4985E7 : ema5 < ema5[2] ? #4985E6 : na
plot_color6 = ema6 >= ema6[2]  ? #4985E7 : ema6 < ema6[2] ? #4985E6 : na
plot_color7 = ema7 >= ema7[2]  ? #4985E7 : ema7 < ema7[2] ? #4985E6 : na
plot_color8 = ema8 >= ema8[2]  ? #4985E7 : ema8 < ema8[2] ? #4985E6 : na

plot_color0 = ema0 >= ema0[2]  ? lime: ema0 < ema0[2] ? red : na



plot(ema1, title="EMA Plot", style=line, linewidth=1, color = plot_color1)
plot(ema2, title="EMA Plot", style=line, linewidth=1, color = plot_color2)
plot(ema3, title="EMA Plot", style=line, linewidth=1, color = plot_color3)
plot(ema4, title="EMA Plot", style=line, linewidth=1, color = plot_color4)
plot(ema5, title="EMA Plot", style=line, linewidth=1, color = plot_color5)
plot(ema6, title="EMA Plot", style=line, linewidth=1, color = plot_color6)
plot(ema7, title="EMA Plot", style=line, linewidth=1, color = plot_color7)
plot(ema8, title="EMA Plot", style=line, linewidth=1, color = plot_color8)

plot(ema0, title="EMA Plot", style=line, linewidth=3, color = plot_color0)