EMA Ribbons

vor 4 Tagen

• The Gray Ribbon (EMA 1–3) is designed for trend trading. When the market is trending, price tends to respect the ribbon and bounce off it. If price frequently chops through the ribbon, the market is likely ranging and the ribbon should be ignored.
  
  
• The 100 EMA and 200 EMA (EMA 4 & 5) are commonly used as dynamic support and resistance levels.
  
  
• EMA 6 & 7 are calculated from a higher timeframe to provide broader market context.
  

vor 3 Tagen

Versionshinweise

v1.1

Update log :

• Now the Indicator can work in 5m and 1m timeframe
  

vor 15 Stunden

Versionshinweise

V1.2

Update Log :

• You can know change the Ribbon colours.