OPEN-SOURCE SCRIPT
Trend Ribbon [SkaleHub]
Overview
A highly visual, simplified moving average ribbon. It tracks the space between a fast and slow moving average to determine trend strength.
The Edge
The ribbon dynamically fades in color as the short-term trend loses momentum, giving traders a smooth, action-oriented look into shifts in market power.
Key Features:
Visual Directional Bias: Instantly identifies macro trend direction with clear color-coding.
Dynamic Momentum Fading: Ribbon transparency shifts automatically to warn you when a trend is losing steam.
Late-Entry Prevention: Visually systemizes the chart so you don't chase moves that are already exhausted.
How to Use
Apply the indicator to your chart.
Monitor the overall color of the ribbon to determine your directional bias (Green for longs, Red for shorts).
Watch for the color to fade (e.g., from bright green to dark green); this is your visual warning that short-term momentum is stalling and to avoid late entries.
Author's Note
This indicator is part of the SkaleHub Free Starter Library. It is designed to be paired with the SkaleHub Training System to help newer traders build mechanical discipline and systemize their trading process.
A highly visual, simplified moving average ribbon. It tracks the space between a fast and slow moving average to determine trend strength.
The Edge
The ribbon dynamically fades in color as the short-term trend loses momentum, giving traders a smooth, action-oriented look into shifts in market power.
Key Features:
Visual Directional Bias: Instantly identifies macro trend direction with clear color-coding.
Dynamic Momentum Fading: Ribbon transparency shifts automatically to warn you when a trend is losing steam.
Late-Entry Prevention: Visually systemizes the chart so you don't chase moves that are already exhausted.
How to Use
Apply the indicator to your chart.
Monitor the overall color of the ribbon to determine your directional bias (Green for longs, Red for shorts).
Watch for the color to fade (e.g., from bright green to dark green); this is your visual warning that short-term momentum is stalling and to avoid late entries.
Author's Note
This indicator is part of the SkaleHub Free Starter Library. It is designed to be paired with the SkaleHub Training System to help newer traders build mechanical discipline and systemize their trading process.
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
Beau Green
Founder of SkaleHub
Founder of SkaleHub
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
Beau Green
Founder of SkaleHub
Founder of SkaleHub
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。