PROTECTED SOURCE SCRIPT
EMA Ribbon Trend LITE
EMA Ribbon Trend LITE
A lightweight trend and structure indicator using EMA ribbons, SuperTrend, Bollinger Bands, and pivot levels to help identify market direction and potential entries.
Key Features
EMA Ribbons (Trend Structure):
White Ribbon (Fast, EMA 13): High, Close, Low
Slow Ribbon (EMA 89): High (yellow), Close (orange), Low (purple)
Market State Rules:
Flat / Choppy Market: Any overlap between the fast EMA ribbon and slow EMA ribbon → market considered neutral, avoid trading.
Trending / Potential Entry: All three EMA 13 lines fully above or below all three EMA 89 lines → trend separation detected. Table updates to BULLISH or BEARISH depending on direction.
Pivot Levels:
Highlight potential support and resistance points based on trend-aligned pivots
Green lines = bullish pivot lows (support)
Red lines = bearish pivot highs (resistance)
Can be combined with SuperTrend and Bollinger Band filters for stronger trade signals
Additional Tools:
SuperTrend Filter: Optional trend confirmation
Bollinger Band Filter: Optional volatility filter for pivots
Table Display:
Shows NEUTRAL, BULLISH, or BEARISH in the bottom-left corner for quick trend reference
How to Use Pivots in Real-Time:
Identify trend direction by watching EMA ribbons:
Ribbons fully separated → trend confirmed
Overlapping ribbons → flat/choppy market, avoid trading
Watch pivot levels for potential entries:
Green lines: bullish pivot lows → potential support, look for long entries
Red lines: bearish pivot highs → potential resistance, look for short entries
Use SuperTrend and Bollinger Band filters to strengthen signals:
Confirm trend alignment before taking trades
Only enter trades when pivots align with the trend and filters
Monitor how price reacts at pivot levels:
Break above a green pivot low in a bullish trend → continuation
Rejection at a red pivot high in a bearish trend → continuation of downtrend
Avoid trading when EMA ribbons overlap or pivots are ambiguous → market is indecisive
TL;DR:
Lightweight trend indicator using EMA ribbons, SuperTrend, Bollinger Bands, and pivot levels.
Trend: EMA 13 fully above/below EMA 89 = bullish/bearish, overlap = flat
Pivots: Green = bullish lows (support), Red = bearish highs (resistance)
Filters: SuperTrend & Bollinger Bands can confirm entries
Table: Shows NEUTRAL, BULLISH, or BEARISH for quick reference
Use EMA separation + pivot reactions for real-time trade decisions.
A lightweight trend and structure indicator using EMA ribbons, SuperTrend, Bollinger Bands, and pivot levels to help identify market direction and potential entries.
Key Features
EMA Ribbons (Trend Structure):
White Ribbon (Fast, EMA 13): High, Close, Low
Slow Ribbon (EMA 89): High (yellow), Close (orange), Low (purple)
Market State Rules:
Flat / Choppy Market: Any overlap between the fast EMA ribbon and slow EMA ribbon → market considered neutral, avoid trading.
Trending / Potential Entry: All three EMA 13 lines fully above or below all three EMA 89 lines → trend separation detected. Table updates to BULLISH or BEARISH depending on direction.
Pivot Levels:
Highlight potential support and resistance points based on trend-aligned pivots
Green lines = bullish pivot lows (support)
Red lines = bearish pivot highs (resistance)
Can be combined with SuperTrend and Bollinger Band filters for stronger trade signals
Additional Tools:
SuperTrend Filter: Optional trend confirmation
Bollinger Band Filter: Optional volatility filter for pivots
Table Display:
Shows NEUTRAL, BULLISH, or BEARISH in the bottom-left corner for quick trend reference
How to Use Pivots in Real-Time:
Identify trend direction by watching EMA ribbons:
Ribbons fully separated → trend confirmed
Overlapping ribbons → flat/choppy market, avoid trading
Watch pivot levels for potential entries:
Green lines: bullish pivot lows → potential support, look for long entries
Red lines: bearish pivot highs → potential resistance, look for short entries
Use SuperTrend and Bollinger Band filters to strengthen signals:
Confirm trend alignment before taking trades
Only enter trades when pivots align with the trend and filters
Monitor how price reacts at pivot levels:
Break above a green pivot low in a bullish trend → continuation
Rejection at a red pivot high in a bearish trend → continuation of downtrend
Avoid trading when EMA ribbons overlap or pivots are ambiguous → market is indecisive
TL;DR:
Lightweight trend indicator using EMA ribbons, SuperTrend, Bollinger Bands, and pivot levels.
Trend: EMA 13 fully above/below EMA 89 = bullish/bearish, overlap = flat
Pivots: Green = bullish lows (support), Red = bearish highs (resistance)
Filters: SuperTrend & Bollinger Bands can confirm entries
Table: Shows NEUTRAL, BULLISH, or BEARISH for quick reference
Use EMA separation + pivot reactions for real-time trade decisions.
Script protegido
Este script se publica como código cerrado. No obstante, puede utilizarlo libremente y sin ninguna limitación. Obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script protegido
Este script se publica como código cerrado. No obstante, puede utilizarlo libremente y sin ninguna limitación. Obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.