OPEN-SOURCE SCRIPT

Multi MA Ribbon +

Updated

Draws an MA Ribbon that highlights major MA's and for easier visibility separates them into different groups including Custom MA's, Baseline MA's, T Line MA's, Short Term MA's and Long Term MA's.

Choose between 11 different types of MA's thanks to JustUncleL and John F. Ehlers super smoother.

The + is for various signals and alerts derived from Market Cipher / Wave Trend indicators and TCG etc.

Happy Trading and remember just follow the flow of the river!

Release Notes

Added staggered levels for RSI OB/OS Signals

PLEASE USE SIGNALS WITH CAUTION AS THEY HAVE NOT BEEN BACK TESTED

Release Notes

Major Updates in this version;-

Sorry guys I had to get rid of the 2 Custom MA's that were configured as Hull MA's - Please see my link in the comments section for a replacement

Added Momentum Setup Signals

Added Ability to adjust brightness

Added additional filters for Signals

Changed color for Minor Base Line - Minor Base Line is colored according to its EMA / SMA cross;

When Minor Base Line Direction is Up then Blue = Strength to Upside, Purple = Weakness to Upside
When Minor Base Line Direction is Down then Purple = Strength to Downside, Blue = Weakness to Downside

Please use signals with caution

Release Notes

Major Reliability Update to Signals - Still use with caution though

Removed RSI Stochastic

Adjusted Stochastic to faster value K = 5, D = 3, Smoothing = 2

Added Trend Filter To Market Cipher / Wave Trend & Momentum Setups

Release Notes

Removed Yellow X Market Cipher Signal as this was not a very useful signal

Adjusted menues/inputs

Added;

Ability to adjust size of Momentum Setup Signals

Stop Loss Channel

How to use signals for entries

Look for Support or Resistance Levels for price to be attracted to

Find confluence with other indicators

Enable Stop Loss Channel and Ensure that you have a Decent Risk to Reward

Enter Long above the Setup Bar

Enter Short Below the Setup Bar

When looking to break out from Trendline or S/R Level - Look for confluence with Trend Meter by ensuring all 3 trend Meters are Highlighted the Same Color - Trend Meter can be found in my Double Stochastic Divergence Script

Use Signal Alerts so that you don't have to stare at the screen all day

Release Notes

Adjusted Filter X parameters

Added ability to adjust Momentum Strategy triangle size

Easier to turn of various parts of the Ribbon via drop down menu

Release Notes

Added more Alerts
Ability to turn small diamonds off /on when Big diamond

Release Notes

Major Mod -

Rearranged MA's

Added 11 MA for easier visual for when it crosses with the 15 MA

Removed 55 and 60 MA so that I could add yellow Caution Cloud which highlights temporary weakness in the current trend

Yellow Caution Cloud is derived from Madrid Trend Spotter and looks at the difference in the rate of change between 2 MA's

Release Notes

Cleaned up the code
Changed some defaults for inputs
Added Additional Parameters to Strength and Weakness Cloud

Release Notes

Major Changes in this version

Less options for your MA's - means more user friendly menus, less load time
Added Dual SMA and EMA option for MA 100 & 200

Release Notes

Fixed spelling mistake

Release Notes

Fixed a fault you can now display the River

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 publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Lij_MC

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.