OPEN-SOURCE SCRIPT
Adaptive Momentum Ribbon [JOAT]
Adaptive Momentum Ribbon [JOAT]
An eight-layer moving-average ribbon whose colour is driven by live momentum and whose compression flags the coil before the move.
What it is
A single moving average tells you very little. A ribbon of them, fanned by speed, tells you three things at once: direction (the colour), strength (how wide it fans) and turning points (where it squeezes and flips). This indicator builds that ribbon and adds a momentum core and a compression detector so the ribbon is not just decorative — it gates the signals.
How it works
• The ribbon — eight exponential moving averages from fast to slow, with an optional light second smoothing pass for cleaner turns. When the fast layers sit above the slow layers the stack is bullish, and vice versa.
• Momentum core — a rate-of-change normalised by ATR and then smoothed. This value is mapped onto a colour gradient, so a strong trend glows saturated while a fading one drifts toward neutral. The same value gates entries, so you buy strength rather than every flip.
• Compression detector — the width between the fastest and slowest ribbon lines is ranked as a percentile over a lookback window. A low percentile means the market is coiled; a move out of that coil is the tradable expansion. Coils are highlighted so you can see energy building.
• Flip signals — a Buy prints when the ribbon flips up out of (or just after) a compression with positive momentum; a Sell is the mirror. Because a flip requires the stack to actually reverse, signals are naturally spaced, and a minimum-gap control adds a further safeguard against clustering.
Trade levels
Each signal draws a red risk box to the ATR-based stop and a green reward box to the third target, with inner target lines and right-edge price labels for entry, stop and every take-profit at your chosen R multiples.
The dashboard
An adjustable panel shows trend direction, a block-gradient momentum meter with a signed headline value, the compression state (coiled or expanded), a 0–100 conviction estimate, the current signal, and a live first-target-before-stop tally from closed bars only.
How to use it
• Works on all assets and timeframes; the ribbon adapts to whatever data it is given.
• Use the coil highlight to prepare for a move and the flip-with-momentum signal to time it.
• Require the coil filter for cleaner, fewer signals in choppy markets, or relax it for more responsive trend entries.
Settings
Base length and layer step, source, optional smoothing, momentum length and smoothing, signal momentum gate, compression window and percentile threshold, risk multiple and target R multiples, plus visual and dashboard controls.
Originality and usefulness
The combination is the point: a speed-fanned ribbon, an ATR-normalised momentum gradient that both colours the ribbon and filters signals, and a percentile-ranked compression model that isolates coils. Together they turn a familiar visual into a structured, non-repainting trend-and-expansion tool.
Notes and limitations
• Moving averages lag by nature; the ribbon confirms trend, it does not call exact tops or bottoms.
• In strong one-way trends the compression filter may keep you out of some continuation entries — that is the intended trade-off for fewer false flips.
• The tally reflects only past bars on the current chart and is not a forecast.
• Educational and analytical tool, not financial advice.
— made with passion by officialjackofalltrades
An eight-layer moving-average ribbon whose colour is driven by live momentum and whose compression flags the coil before the move.
What it is
A single moving average tells you very little. A ribbon of them, fanned by speed, tells you three things at once: direction (the colour), strength (how wide it fans) and turning points (where it squeezes and flips). This indicator builds that ribbon and adds a momentum core and a compression detector so the ribbon is not just decorative — it gates the signals.
How it works
• The ribbon — eight exponential moving averages from fast to slow, with an optional light second smoothing pass for cleaner turns. When the fast layers sit above the slow layers the stack is bullish, and vice versa.
• Momentum core — a rate-of-change normalised by ATR and then smoothed. This value is mapped onto a colour gradient, so a strong trend glows saturated while a fading one drifts toward neutral. The same value gates entries, so you buy strength rather than every flip.
• Compression detector — the width between the fastest and slowest ribbon lines is ranked as a percentile over a lookback window. A low percentile means the market is coiled; a move out of that coil is the tradable expansion. Coils are highlighted so you can see energy building.
• Flip signals — a Buy prints when the ribbon flips up out of (or just after) a compression with positive momentum; a Sell is the mirror. Because a flip requires the stack to actually reverse, signals are naturally spaced, and a minimum-gap control adds a further safeguard against clustering.
Trade levels
Each signal draws a red risk box to the ATR-based stop and a green reward box to the third target, with inner target lines and right-edge price labels for entry, stop and every take-profit at your chosen R multiples.
The dashboard
An adjustable panel shows trend direction, a block-gradient momentum meter with a signed headline value, the compression state (coiled or expanded), a 0–100 conviction estimate, the current signal, and a live first-target-before-stop tally from closed bars only.
How to use it
• Works on all assets and timeframes; the ribbon adapts to whatever data it is given.
• Use the coil highlight to prepare for a move and the flip-with-momentum signal to time it.
• Require the coil filter for cleaner, fewer signals in choppy markets, or relax it for more responsive trend entries.
Settings
Base length and layer step, source, optional smoothing, momentum length and smoothing, signal momentum gate, compression window and percentile threshold, risk multiple and target R multiples, plus visual and dashboard controls.
Originality and usefulness
The combination is the point: a speed-fanned ribbon, an ATR-normalised momentum gradient that both colours the ribbon and filters signals, and a percentile-ranked compression model that isolates coils. Together they turn a familiar visual into a structured, non-repainting trend-and-expansion tool.
Notes and limitations
• Moving averages lag by nature; the ribbon confirms trend, it does not call exact tops or bottoms.
• In strong one-way trends the compression filter may keep you out of some continuation entries — that is the intended trade-off for fewer false flips.
• The tally reflects only past bars on the current chart and is not a forecast.
• Educational and analytical tool, not financial advice.
— made with passion by officialjackofalltrades
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.
The AI Trading Ecosystem, Built to win trades 📈
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t.me/jackofalltradesvip 🃏
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jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
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.
The AI Trading Ecosystem, Built to win trades 📈
Get Full Access 👇
jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
Get Full Access 👇
jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
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.