TrendRibbon
This simple indicator is my first script in Pine Editor, it helps you predict reversal points and establish the trend direction based on where the price is in the MA ribbon
These are its features:
- Bar color changes based on trend direction
- Rev signal is placed when the price should reverse
- A Moving average ribbon is plotted on the chart
How to use it?
A. When the price is below the red line then it's a downtrend
B. When the price is above the red line then it's an uptrend
C. Using the "rev" signals to support your analysis and forecasts
These are its features:
- Bar color changes based on trend direction
- Rev signal is placed when the price should reverse
- A Moving average ribbon is plotted on the chart
How to use it?
A. When the price is below the red line then it's a downtrend
B. When the price is above the red line then it's an uptrend
C. Using the "rev" signals to support your analysis and forecasts
