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
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
Catatan Rilis:
Changes in default values.
Catatan Rilis:
Important code fixes.
Catatan Rilis:
More changes in code.
Catatan Rilis:
Added smoothing functionality.
Catatan Rilis:
Previous versions didn't create a ribbon for the initial data. Now this is fixed.
Catatan Rilis:
Added support to plot the baseline EMA.
Catatan Rilis:
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.
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.
Catatan Rilis:
Upgrades in the "progressive" option.
Catatan Rilis:
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.
The "Classic Ribbon Edge" serves as a point of reference as to where the classic ribbon would end.
Catatan Rilis:
More prettification updates.
I know I constantly update my scrips, oh well... deal with it.
I know I constantly update my scrips, oh well... deal with it.
Catatan Rilis:
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.
Now it properly works with charts like the yield curve.
Catatan Rilis:
Oops I broke it. See you around...
Catatan Rilis:
Did some important debugging.