OPEN-SOURCE SCRIPT
Multiple MA Ribbon
DESCRIPTION
The Multiple MA Ribbon is a multi-layer moving average framework designed to provide a structured view of trend strength, alignment, and transition across different time horizons.
The indicator plots a dense ribbon of moving averages, ranging from short-term to longer-term periods, allowing traders to visually assess the consistency and quality of a trend. By observing how these averages align and interact with price, users can better identify trending conditions, consolidation phases, and potential shifts in market direction.
A key feature of the ribbon is its color-coding logic, which reflects the relative position of price with respect to each moving average and a long-term reference (MA100). This creates a gradient-like structure that helps distinguish:
The indicator supports multiple moving average types (including EMA, SMA, HMA, JMA, and others), offering flexibility to adapt to different trading styles and instruments.
Additionally, the script includes:
Overall, the Multiple MA Ribbon is designed as a visual trend analysis tool, helping traders interpret market structure and momentum through the interaction of multiple smoothed price layers, rather than relying on a single indicator signal.
The Multiple MA Ribbon is a multi-layer moving average framework designed to provide a structured view of trend strength, alignment, and transition across different time horizons.
The indicator plots a dense ribbon of moving averages, ranging from short-term to longer-term periods, allowing traders to visually assess the consistency and quality of a trend. By observing how these averages align and interact with price, users can better identify trending conditions, consolidation phases, and potential shifts in market direction.
A key feature of the ribbon is its color-coding logic, which reflects the relative position of price with respect to each moving average and a long-term reference (MA100). This creates a gradient-like structure that helps distinguish:
- strong directional trends
- weakening momentum
- neutral or transitional phases
The indicator supports multiple moving average types (including EMA, SMA, HMA, JMA, and others), offering flexibility to adapt to different trading styles and instruments.
Additionally, the script includes:
- optional trend change markers, highlighting moments when full alignment occurs
- an integrated VWAP, providing a volume-based reference level
- configurable display options for cleaner chart integration
Overall, the Multiple MA Ribbon is designed as a visual trend analysis tool, helping traders interpret market structure and momentum through the interaction of multiple smoothed price layers, rather than relying on a single indicator signal.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.