Trend-based EMA Ribbon

An innovative EMA Ribbon proves a mighty candidate to the standard EMA Ribbons we commonly use.

The standard EMA defines support/resistance levels based on the horizontal axis. With this indicator, the trend itself is taken into account. This EMA Ribbon is based around the trend. It provides a whole new way to understand/predict support/resistance levels.

It is a cousin to this indicator I built.

Tread lightly, for this is hallowed ground.
-Father Grigori

Versionshinweise

Changes in default values.

Versionshinweise

Important code fixes.

Versionshinweise

More changes in code.

Versionshinweise

Added smoothing functionality.

Versionshinweise

Previous versions didn't create a ribbon for the initial data. Now this is fixed.

Versionshinweise

Added support to plot the baseline EMA.

Versionshinweise

Added functionality to change between a SMA trend and an EMA one.

When the (progressive) option is selected in the trend, the MA is progressively generated from the very first value.
Classic N-length MAs (not progressive) ignore the first N-1 bars and continue from the Nth one.

Do note that for now, you may only choose as input the main data source. There is some functionality that needs to be fixed for you to use this indicator on top of other indicators.

Versionshinweise

Upgrades in the "progressive" option.

Versionshinweise

Added a background for a cleaner look. You can always activate the ordinary ribbon lines.
The "Classic Ribbon Edge" serves as a point of reference as to where the classic ribbon would end.

Versionshinweise

More prettification updates.
I know I constantly update my scrips, oh well... deal with it.

Versionshinweise

INCREDIBLE new update. Significant changes in the invisible code.
Now it properly works with charts like the yield curve.

Curiously, a significant reversal pattern is printed.

Versionshinweise

Oops I broke it. See you around...

Versionshinweise

Did some important debugging.

Geschütztes Skript

Dieses Script ist als Closed-Source veröffentlicht. Sie können es kostenlos und ohne Einschränkungen verwenden – erfahren Sie hier mehr.

akikostas

Haftungsausschluss

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Geschütztes Skript

Dieses Script ist als Closed-Source veröffentlicht. Sie können es kostenlos und ohne Einschränkungen verwenden – erfahren Sie hier mehr.

akikostas