Trend-based EMA Ribbon

٢٩ أبريل ٢٠٢٣

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

٢٩ أبريل ٢٠٢٣

ملاحظات الأخبار

Changes in default values.

٢٩ أبريل ٢٠٢٣

ملاحظات الأخبار

Important code fixes.

٢٩ أبريل ٢٠٢٣

ملاحظات الأخبار

More changes in code.

٢٩ أبريل ٢٠٢٣

ملاحظات الأخبار

Added smoothing functionality.

٢٩ أبريل ٢٠٢٣

ملاحظات الأخبار

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

٢٩ أبريل ٢٠٢٣

ملاحظات الأخبار

Added support to plot the baseline EMA.

٢٩ أبريل ٢٠٢٣

ملاحظات الأخبار

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.

٣٠ أبريل ٢٠٢٣

ملاحظات الأخبار

Upgrades in the "progressive" option.

١ مايو ٢٠٢٣

ملاحظات الأخبار

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.

١ مايو ٢٠٢٣

ملاحظات الأخبار

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

٢ مايو ٢٠٢٣

ملاحظات الأخبار

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.

٢ مايو ٢٠٢٣

ملاحظات الأخبار

Oops I broke it. See you around...

٥ ديسمبر ٢٠٢٣

ملاحظات الأخبار

Did some important debugging.