I developed this indicator focusing on the KISS (Keep It Simple, Stupid) to help me in a more direct and visual way when enteringand exiting my market position.
The idea is to configure the indicator with your favorite Moving Averages and Lengths and Enter Long when the price is above and Short when the price is below.
I put the setup that I am testing now in the tooltips to give an example.
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Just add the link of the code.
And heres another example of setup:
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I put an alert() function with a plottable char when the pre-selected source crossover or crossunder all Moving Average Lines, and some small updates.
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█ Update I put 6 more lines, and then I remade part of the code to get better performance.
█ Inputs Explanation: • Source → Is the source of all moving averages lines; • Timeframe → Is the time resolution of the moving average that will be drawn in the chart; • "Length Numbers as Fibonacci nth Term." → Check (✅) if you are like me and always use the Fibonacci sequence numbers in length to only put the nth term like 8 as 21, 10 as 55, 12 as 144. Put the mouse on the tooltip icon (ⓘ) to see the list of usable inputs. This is very good to fast different lengths. • Moving Average Lines → For each line, select the moving average type, the length, and the uptrend and downtrend colors. To help the study, you can choose "Equal to the Line Above" to use the same type of last moving average or "Turn off this MA line" to skip this line. • Base Line To Change Ribbon Colors → This is the condition of when the Ribbons change colors. Each moving average ribbon will change the color every time this source (in the same timeframe of the chart) cross the respective line. • "Draw Symmetrically Weighted Moving Average (SWMA) of the Lines?" → This is a pure aesthetics option to see smoothed lines. I think the other inputs are straightforward to understand.
█ Tips: • Start with only 1 or 2 lines and test your favorites moving average types with short lengths. • Try to sync the alerts pictures with the best time to enter and exit a position without care to traps or fake movements. • Keep this idea to the following 5 to 9 lines, test another moving average or length, pic the same colors to all these first lines, and get many excellent opportunities alerts. • To the last Lines, search for slowest Moving Averages and Lengths that will prevent you from falling into a fake trend or a trap. This should reduce a lot of your alerts but, the idea is to avoid too risks ordres. • With all configurated, select a different Timeframe in this indicator input to see if you could get faster or safer alerts.
In any case, I wish you all good and profitable operations.
thank you for such an awesome tool. Is there a way to setup alerts like any alert so that whenever the ribbon changes colures on all chosen ma,s you get a alert instead of one buy and one sell signal alert?
wyj152822
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can i get access for RK5?thank u sir
anandkrjha76
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Hey can u make a Cora ribbon
Mupsje
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Thans a lot, I'm testing now and it works ok! other Q, where can I find the RK 05 ?
Montana97
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wheres the bottom indicator the rk 05?
TradingGuruLol
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Thank you man
romainmarzullo
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Hey man first , congrats for your great job. This code is massive. Any chance you let us setup Alerts on Short / Long signals separately in the dialog box ?
For example, I would like to to trigger only Short signals. When i set up alerts in TV, whatever it is long or short signals, i get the notification. Let me know