Dark red = high risk
Light red = medium risk
Light blue = lower risk
Dark blue = lowest risk & high reward potential
Fibonacci rings = curved support/resistance . Price often pivots when price pushes past a ring.
Dark red = high risk
Light red = medium risk
Light blue = lower risk
Dark blue = lowest risk & high reward potential
Fibonacci rings = curved support/resistance. Price often pivots when price pushes past a ring.
Hello friends. This is simply a moving average ribbon, per se. The values for the colored ribbon can have their length calculated to fit their chosen resolution on the current one. This solved problems for me, but it was my own solution. Maybe I'll learn something new from sharing this.
To everybody else who is learning as well, this script essentially serves...