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Trend-based EMA Ribbon

Zaktualizowano
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.
Log Distance From MA + Ribbon


Tread lightly, for this is hallowed ground.
-Father Grigori
Informacje o Wersji
Changes in default values.
Informacje o Wersji
Important code fixes.
Informacje o Wersji
More changes in code.
Informacje o Wersji
Added smoothing functionality.
Informacje o Wersji
Previous versions didn't create a ribbon for the initial data. Now this is fixed.
Informacje o Wersji
Added support to plot the baseline EMA.
Informacje o Wersji
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.
Informacje o Wersji
Upgrades in the "progressive" option.
snapshot
Informacje o Wersji
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.
Informacje o Wersji
More prettification updates.
I know I constantly update my scrips, oh well... deal with it.
Informacje o Wersji
INCREDIBLE new update. Significant changes in the invisible code.
Now it properly works with charts like the yield curve.
snapshot
Curiously, a significant reversal pattern is printed.
Informacje o Wersji
Oops I broke it. See you around...
Informacje o Wersji
Did some important debugging.
Moving Averages

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