In chart, representing RSI 7 (fast) RSI 14 Normal default and RSI 50 (slow) as a single indicator. With each RSI there is a set of Moving Averages creating a ribbon.
Colors for RSI Ribbon
It uses only four standard colors
Maroon : Trend is down
Green : Trend reversal warning
Lime : Trend is up
Red: Trend reversal warning
It is important to look for divergences through multiple time frames MTF. When you are working with a shorter time frame and longer time does not agree. Your odds of scoring a positive trades are reduced. Higher chance of making the correct call with two agreeing RSI MTF divergences.
Here is an overview of a 1 day chart for EURUSD using RSI MA Ribbon.
Chart without RSI plotted, only ribbons.
EURUSD weekly chart depicting several RSI Ribbon divergences.
EURUSD weekly chart with RSI Ribbon EMAs selected.
This one works great. Thanks for including in the scripts.
jinx
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*Public Scripts
ghettocounselor
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JR, great stuff, I'm finding the ribbons a nice visual for my trading style.
I'm not finding this script in the library though? Somewhat new to TradingView, sorry for the newbie question.
QuantitativeExhaustion
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I found it in our library using RSI only.
ghettocounselor
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So I see the RSI 100, 150, 200 MA Ribbon script, not the RSI 7, 14, 50 MA Ribbon script. Perhaps I'm to walk through the script to shorten and that is my misunderstanding. Happy to do that for sure if that's the intent. Thanks again for the attention.
QuantitativeExhaustion
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You have to change the length(s) in the indicator properties.