CoRA Ribbons - Two ideas how to use them
Since CoRA Waves and Ribbons could help you to identify the trend better and more reliably, this indicator provides a good baseline for your strategy.
The indicator "CoRA Ribbon - Multiple Compound Ratio Weighted Moving Averages" (#revision: lv21) was used in the following screenshots. Information and details on CoRA waves can be found in the description of the indicator.
Let yourself be inspired. Let's start.
These are just two of the many possibilities. I look forward to any further suggestion or idea. Comments and additional screenshots are always welcome.
Even if CoRA Waves lag less than other moving averages, note, as with all other strategies, that one indicator alone is usually not sufficient. Usually further analyzes and the like are required. Therefore, understand the two examples for what they are: A hint that it is worth taking a look and perhaps one or the other known moving average can be exchanged very well with a CoRA Wave or a CoRA Ribbon - in order to get faster entry points.
The indicator "CoRA Ribbon - Multiple Compound Ratio Weighted Moving Averages" (#revision: lv21) was used in the following screenshots. Information and details on CoRA waves can be found in the description of the indicator.
Let yourself be inspired. Let's start.
These are just two of the many possibilities. I look forward to any further suggestion or idea. Comments and additional screenshots are always welcome.
Even if CoRA Waves lag less than other moving averages, note, as with all other strategies, that one indicator alone is usually not sufficient. Usually further analyzes and the like are required. Therefore, understand the two examples for what they are: A hint that it is worth taking a look and perhaps one or the other known moving average can be exchanged very well with a CoRA Wave or a CoRA Ribbon - in order to get faster entry points.
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