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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Beau Green
Founder of SkaleHub
Founder of SkaleHub
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Beau Green
Founder of SkaleHub
Founder of SkaleHub
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.