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.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Beau Green
Founder of SkaleHub
Founder of SkaleHub
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Beau Green
Founder of SkaleHub
Founder of SkaleHub
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.