RedK Ribbon v2: Tracking Trend Made Easy

9 Jun 2020

This is an update for the previously published RedK_Ribbon v1 -- and it adds some (hopefully) useful improvements:

1 - the Zero-Lag line is color-coded, to provide an early visual alert that momentum is fading, and the trend direction may change soon
2 - better colors for the ribbon :) - for the visually-oriented folks like me :)
3 - i added two optional EMAs that can be utilized as filters for the longer sentiment - to help a trader take positions only in the direction of the prevailing trends. note that these 2 EMA lines will be hidden by default until selected in the settings - to avoid clutter. Set to 30 and 50 by default but these lengths can be changed as needed
4 - code is open and commented

If you need to learn how we create the zero-lag moving average, pls refer to the "TA Basics" series - and if you need to learn more about how the Ribbon works, pls read the Ribbon v1 post

hope this is useful in your trading - and good luck!

9 Jun 2020

Nota Keluaran

Quick update for the RedK_Ribbon with Alerts enabled, for when the Zero Lag Moving Average (ZLMA) line changes direction up or down as requested.

Feel free to customize the alert message to your convenience.

9 Jun 2020

Nota Keluaran

- Adjusted the Alert logic and brought back the detailed explanation chart.

12 Mac 2021

Nota Keluaran

- A quick update of my Ribbon v2 trend tracker - with some minor visual enhancements