PROTECTED SOURCE SCRIPT
EMA 4 Lines + MA Ribbon
DESCRIPTION:
==========================================
This comprehensive trend trading system combines 4 customizable Exponential Moving Averages (EMAs)
with an advanced Moving Average Ribbon to identify trend direction and strength.
KEY FEATURES:
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1. 4 EMA Lines:
- Each line is fully customizable (Length, Color, Visibility).
- Helps identifying dynamic Support & Resistance zones.
2. Advanced MA Ribbon:
- Constructed from a Fast MA and a Slow MA.
- Supports 13 different Moving Average types for customization:
(SMA, EMA, WMA, VWMA, SMMA, DEMA, TEMA, LAGMA, LINREG, HullMA, ZEMA, TMA, SSMA).
- Visual Trend Identification:
* Ribbon Fill: Colors the area between MAs (Green = Uptrend, Red = Downtrend).
* Dynamic Line Colors: MA lines change color based on price trend.
3. Bar Coloring System:
- Green (Strong Buy): Price closes ABOVE the Ribbon.
- Red (Strong Sell): Price closes BELOW the Ribbon.
- Gray (Neutral): Price is inside the Ribbon or indecisive.
- Strict Mode Option: Requires both Open & Close price to be outside the Ribbon.
4. Alerts:
- Integrated alerts for trend reversals (Candle color changes).
==========================================
This comprehensive trend trading system combines 4 customizable Exponential Moving Averages (EMAs)
with an advanced Moving Average Ribbon to identify trend direction and strength.
KEY FEATURES:
------------------------------------------
1. 4 EMA Lines:
- Each line is fully customizable (Length, Color, Visibility).
- Helps identifying dynamic Support & Resistance zones.
2. Advanced MA Ribbon:
- Constructed from a Fast MA and a Slow MA.
- Supports 13 different Moving Average types for customization:
(SMA, EMA, WMA, VWMA, SMMA, DEMA, TEMA, LAGMA, LINREG, HullMA, ZEMA, TMA, SSMA).
- Visual Trend Identification:
* Ribbon Fill: Colors the area between MAs (Green = Uptrend, Red = Downtrend).
* Dynamic Line Colors: MA lines change color based on price trend.
3. Bar Coloring System:
- Green (Strong Buy): Price closes ABOVE the Ribbon.
- Red (Strong Sell): Price closes BELOW the Ribbon.
- Gray (Neutral): Price is inside the Ribbon or indecisive.
- Strict Mode Option: Requires both Open & Close price to be outside the Ribbon.
4. Alerts:
- Integrated alerts for trend reversals (Candle color changes).
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.