OPEN-SOURCE SCRIPT
Обновлено EMA Ribbon with ATR Extensions
This indicator is an EMA ribbon framework combined with multi-timeframe trend structure and volatility-normalized distance measurements using ATR.
The core component is a configurable exponential moving average ribbon, allowing multiple EMA lengths to be plotted simultaneously across different timeframes. This includes both intraday EMAs and optional higher-timeframe EMAs such as daily and weekly periods. The purpose of this structure is to provide a layered view of trend behavior across multiple time horizons, helping visualize alignment, compression, and expansion within broader market structure.
In addition to standard EMA visualization, the indicator integrates a volatility context layer using the Average True Range (ATR). This allows price distance from each EMA to be expressed not only in percentage terms, but also in ATR-normalized form. The ATR extension metric is derived from the relationship between percentage deviation from the moving average and current ATR percentage, enabling comparison of movement intensity across different instruments regardless of price scale.
The included table presents a structured breakdown for each selected EMA:
EMA value based on configurable length and timeframe
Percentage distance between price and each EMA
ATR-normalized extension value representing volatility-adjusted deviation
This structure allows users to observe how price interacts with multiple trend references simultaneously, while also understanding whether movement is occurring within normal volatility conditions or represents an expanded deviation relative to recent market behavior.
A visual marker is included to highlight conditions where price is significantly extended above a selected higher timeframe EMA relative to ATR-based expansion. This is intended to assist with quickly identifying periods of elevated trend extension within the broader EMA framework.
The header display optionally shows symbol, description, and active chart timeframe to maintain contextual awareness when analyzing multiple assets or timeframes.
Overall, the tool is designed as a multi-layer trend and volatility visualization system combining moving averages, relative distance metrics, and ATR-based normalization to better contextualize price positioning within ongoing market structure.
The core component is a configurable exponential moving average ribbon, allowing multiple EMA lengths to be plotted simultaneously across different timeframes. This includes both intraday EMAs and optional higher-timeframe EMAs such as daily and weekly periods. The purpose of this structure is to provide a layered view of trend behavior across multiple time horizons, helping visualize alignment, compression, and expansion within broader market structure.
In addition to standard EMA visualization, the indicator integrates a volatility context layer using the Average True Range (ATR). This allows price distance from each EMA to be expressed not only in percentage terms, but also in ATR-normalized form. The ATR extension metric is derived from the relationship between percentage deviation from the moving average and current ATR percentage, enabling comparison of movement intensity across different instruments regardless of price scale.
The included table presents a structured breakdown for each selected EMA:
EMA value based on configurable length and timeframe
Percentage distance between price and each EMA
ATR-normalized extension value representing volatility-adjusted deviation
This structure allows users to observe how price interacts with multiple trend references simultaneously, while also understanding whether movement is occurring within normal volatility conditions or represents an expanded deviation relative to recent market behavior.
A visual marker is included to highlight conditions where price is significantly extended above a selected higher timeframe EMA relative to ATR-based expansion. This is intended to assist with quickly identifying periods of elevated trend extension within the broader EMA framework.
The header display optionally shows symbol, description, and active chart timeframe to maintain contextual awareness when analyzing multiple assets or timeframes.
Overall, the tool is designed as a multi-layer trend and volatility visualization system combining moving averages, relative distance metrics, and ATR-based normalization to better contextualize price positioning within ongoing market structure.
Информация о релизе
Changes MadeAdded a global EMA / SMA selector that applies across the entire indicator.
Added Session VWAP (no bands) with table integration.
Expanded the table to show Price, % Away, ATR Extension, and Timeframe.
Added customizable table size and position.
Added automatic display of enabled Daily and Weekly HTF moving averages in the table.
Fixed the timeframe watermark so it correctly displays values such as 2D, 3D, 4H, 15m, etc.
Restricted the ATR Extension Yellow Dot to 1-Day charts only.
Removed ATR extension signals from intraday charts to prevent false readings.
Switched MA calculations to use unadjusted price data (adjustment.none) to avoid distortions caused by stock splits, special dividends, spin-offs, and other corporate actions.
Updated the indicator architecture to support both chart-timeframe and higher-timeframe moving averages within the same framework.
Информация о релизе
Minor bug fixesИнформация о релизе
ATR adjustmentsИнформация о релизе
This update keeps the original MA Ribbon intact, but adds a separate bottom-right Context Table. The old version showed moving averages, percent distance, ATR extension, VWAP, HTF MAs, and the daily 50MA extension dot.The new version adds market context: ADR%, ATR%, LoD distance, day ATR used, range position, volume participation, 52-week positioning, U/D ratio, sector, and industry.
Скрипт с открытым кодом
В истинном духе TradingView, создатель этого скрипта сделал его открытым исходным кодом, чтобы трейдеры могли проверить и убедиться в его функциональности. Браво автору! Вы можете использовать его бесплатно, но помните, что перепубликация кода подчиняется нашим Правилам поведения.
Independent market structure tools and educational chart analysis for learning and review only. Not financial advice.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Скрипт с открытым кодом
В истинном духе TradingView, создатель этого скрипта сделал его открытым исходным кодом, чтобы трейдеры могли проверить и убедиться в его функциональности. Браво автору! Вы можете использовать его бесплатно, но помните, что перепубликация кода подчиняется нашим Правилам поведения.
Independent market structure tools and educational chart analysis for learning and review only. Not financial advice.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.