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Mongoose EMA Ribbon — Pro EditionMongoose EMA Ribbon — Pro Edition The Mongoose EMA Ribbon is a precision tool designed to support directional bias, trend integrity, and momentum alignment through a structured multi-EMA system. It is built for traders seeking clarity across high-timeframe trend conditions without sacrificing speed or simplicity. Key Features: Five customizable EMAs optimized for layered ribbon analysis Configurable color logic for clean visual separation Built-in ribbon compression and expansion visibility Support for ribbon-based trend continuation zones Optional label and visual tag for real-time trend state Applications: Identify trend strength and reversals with ribbon alignment Detect compression zones that precede directional moves Support discretionary or system-based trading strategies Integrates well with price structure and macro overlays This script is part of the Mongoose Capital toolkit and was developed to meet internal standards for clarity, execution readiness, and cross-asset compatibility. Version: Pro Edition Timeframes: Optimized for 1H, 4H, Daily, Weekly
Penunjuk Pine Script®
oleh TheRealMongoose
BBW EMA RIBBON+BB%B+EMA BUY/SELL SignalsBINANCE:BTCUSDT * * * TESTED ON BTCUSDT 4H CHART * * * The indicator gives signals based on possible ENTRY/EXIT zones (calculated using an ema ribbon of the BBW) and BB%B oversold/overbought conditions, also a 200 EMA filter is used to trade following the major trend. ENTRY/EXIT zones can be used as a confirmation on other strategies (green zones suggest a possible entry for a long in an uptrend and for a short in a downtrend, red zones suggest a possible exit for long & short) Only LONG signals are given. Signals are divided in 3 categories based on their strenght: - Weak BUY/SELL (green/red circles on chart) - normal BUY/SELL (green/red triangles with "BUY" or "SELL" text on chart) - strong BUY/SELL (green/red labels with "STRONG BUY" or "STRONG SELL" text on chart) You can use signals from the same category as triggers for entering or exiting a trade or you can try using signals from different categories All indicators settings can be costumized Possible EXTRY/EXIT zones can be turned ON/OFF Every signal label can be turned ON/OFF EMA that changes color based on last candle close can be turned ON/OFF Alerts can be set for: - General Signals (every signal will trigger it) - Weak Signals (only weak signals will trigger it) - Normal Signals (only normal signals will trigger it) - Strong Signals (only strong signals will trigger it) There are 3 BB%B Oversold & 3 BB%B Overbought value presets: - BASIC (default values) - LOW (slightly lower values from default) - HIGH (slightly higher values from default) Tips: Use BB%B OS LOW preset to find entries at a better price Use BB%B OS HIGH preset to find entries faster Use BB%B OB LOW preset to find exits faster Use BB%B OB HIGH preset to find exits at a better price There are 3 Filters already included: - A checkbox to toggle ON/OFF the use of Heikin Ashi candels to detect trades - A checkbox to toggle ON/OFF the use of an ema filter for the ribbon that tries to reduce the number of false signals on over-extended price movements - A checkbox to toggle ON/OFF the use of an ema filter that tries to reduce the number of false signals when price crosses the moving average many times consecutively
Penunjuk Pine Script®
oleh Nick42_for_win
7
Buy/sell EMA Crossover with 5 ema RibbonThe indicator has 2 indicators in 1, based all on customizable ema's. The main ema signal indicator is customizable for the length , at the ema crossover the indicator will plot the main (biggerarrow )buy or sell signal when the crossover happens and plot(smaller) directional arrows on all the following candles after the crossover, this helps with the visuals for the main trend. The 2nd indicator is a also customizable ema ribbon that will help in the trend direction.(ex: you can plot larger length ema's for better visual of the main on any timeframe. The indicator is designed for easy ema visuals with background trend color change, and color change on the main 2 ema crossover for easy detection of the price trend.
Penunjuk Pine Script®
oleh angel68roa
2
GCM Bull Bear RiderGCM Bull Bear Rider (GCM BBR) Your Ultimate Trend-Riding Companion GCM Bull Bear Rider is a comprehensive, all-in-one trend analysis tool designed to eliminate guesswork and provide a crystal-clear view of market direction. By leveraging a highly responsive Jurik Moving Average (JMA), this indicator not only identifies bullish and bearish trends with precision but also tracks their performance in real-time, helping you ride the waves of momentum from start to finish. Whether you are a scalper, day trader, or swing trader, the GCM BBR adapts to your style, offering a clean, intuitive, and powerful visual guide to the market's pulse. Key Features JMA-Powered Trend Lines (UTPL & DTPL): The core of the indicator. A green "Up Trend Period Line" (UTPL) appears when the JMA's slope turns positive (buyers are in control), and a red "Down Trend Period Line" (DTPL) appears when the slope turns negative (sellers are in control). The JMA is used for its low lag and superior smoothing, giving you timely and reliable trend signals. Live Profit Tracking Labels: This is the standout feature. As soon as a trend period begins, a label appears showing the real-time profit (P:) from the trend's starting price. This label moves with the trend, giving you instant feedback on its performance and helping you make informed trade management decisions. Historical Performance Analysis: The profit labels remain on the chart for completed trends, allowing you to instantly review past performance. See at a glance which trends were profitable and which were not, aiding in strategy refinement and backtesting. Automatic Chart Decluttering: To keep your chart clean and focused on significant moves, the indicator automatically removes the historical profit label for any trend that fails to achieve a minimum profit threshold (default is 0.5 points). Dual-Ribbon Momentum System: JMA / Short EMA Ribbon: Visualizes short-term momentum. A green fill indicates immediate bullish strength, while a red fill shows bearish pressure. Short EMA / Long EMA Ribbon: Acts as a long-term trend filter, providing broader market context for your decisions. "GCM Hunt" Entry Signals: The indicator includes optional pullback entry signals (green and red triangles). These appear when the price pulls back to a key moving average and then recovers in the direction of the primary trend, offering high-probability entry opportunities. How to Use Identify the Trend: Look for the appearance of a solid green line (UTPL) for a bullish bias or a solid red line (DTPL) for a bearish bias. Use the wider EMA ribbon for macro trend confirmation. Time Your Entry: For aggressive entries, you can enter as soon as a new trend line appears. For more conservative entries, wait for a "GCM Hunt" triangle signal, which confirms a successful pullback. Ride the Trend & Manage Your Trade: The moving profit label (P:) is your guide. As long as the trend line continues and the profit is increasing, you can confidently stay in the trade. A flattening JMA or a decreasing profit value can signal that the trend is losing steam. Focus Your Strategy: Use the Display Mode setting to switch between "Buyers Only," "Sellers Only," or both. This allows you to completely hide opposing signals and focus solely on long or short opportunities. Core Settings Display Mode: The master switch. Choose to see visuals for "Buyers & Sellers," "Buyers Only," or "Sellers Only." JMA Settings (Length, Phase): Fine-tune the responsiveness of the core JMA engine. EMA Settings (Long, Short): Adjust the lengths of the moving averages that define the ribbons and "Hunt" signals. Label Offset (ATR Multiplier): Customize the gap between the trend lines and the profit labels to avoid overlap with candles. Filters (EMA, RSI, ATR, Strong Candle): Enable or disable various confirmation filters to strengthen the "Hunt" entry signals according to your risk tolerance. Add the GCM Bull Bear Rider to your chart today and transform the way you see and trade the trend! ENJOY
Penunjuk Pine Script®
oleh uniGram
Hull Moving Average RibbonGradient Wave HMA - Multi-Ribbon Hull Moving Average System Overview The Gradient Wave HMA is an advanced technical indicator that transforms Alan Hull's Hull Moving Average (HMA) into a dynamic multi-layered ribbon system. Unlike traditional moving average ribbons that use simple or exponential calculations, this indicator applies Hull's innovative lag-reduction formula across 12 different timeframes simultaneously, creating a visually striking gradient effect that flows with market momentum. Technical Foundation This indicator is built upon the Hull Moving Average, developed by Alan Hull in 2005. The HMA uses a weighted moving average calculation designed to almost eliminate lag while maintaining curve smoothness: HMA = WMA(2*WMA(n/2) − WMA(n), sqrt(n)) Credit: Alan Hull (www.alanhull.com) Key Features Multi-Period Ribbon Structure 12 individual HMA lines with customizable periods Preset configurations for different trading styles: Fast: 3-30 period range (scalping/intraday) Swing: 8-55 period range (swing trading) Position: 20-100 period range (position trading) Custom: User-defined periods 2. Neon Gradient Visualization Bullish Gradient: Transitions from blue-purple to hot purple Bearish Gradient: Flows from hot pink to purple-pink Each line has a unique color in the spectrum Gradient fills between lines create depth and visual flow 3. Advanced Alert System Trend Reversal Alerts: Notifies when ribbon changes direction Price Breakout Alerts: Triggers when price crosses the ribbon Compression Alerts: Signals potential breakouts during consolidation Expansion Alerts: Confirms strong trending conditions Momentum Surge Alerts: Catches explosive moves early How It Works The indicator calculates 12 Hull Moving Averages, each with a different period length. The trend direction is determined by the middle HMA (6th line), which triggers the color change across the entire ribbon. When trending up, the ribbon displays a purple gradient; when trending down, it shifts to a pink gradient. Trading Applications 1. Trend Identification Ribbon color indicates overall trend direction All lines moving in sync confirms strong trend Mixed signals suggest choppy or transitioning markets 2. Dynamic Support/Resistance In uptrends, the ribbon acts as moving support In downtrends, it provides resistance levels Multiple layers offer various strength levels 3. Momentum Analysis Expanding ribbon = Increasing momentum Contracting ribbon = Decreasing momentum/consolidation Ribbon angle indicates trend strength 4. Trading Example Advantages Over Traditional MAs Reduced Lag: Hull's formula provides faster response than SMA/EMA ribbons Visual Clarity: Gradient effect makes trend changes immediately visible Multiple Timeframes: 12 periods provide comprehensive market view Flexibility: Presets adapt to different trading styles Best Practices Use higher timeframes (4H, Daily) for position trading Combine with volume indicators for confirmation Watch for ribbon compression before major moves Consider overall market conditions when interpreting signals Customization Options Adjust individual HMA periods Fine-tune transparency for different backgrounds Choose between WMA and EMA base calculations The Gradient Wave HMA combines Alan Hull's breakthrough moving average formula with modern visualization techniques to create a powerful trend-following tool that's both technically sophisticated and visually intuitive.
Penunjuk Pine Script®
oleh Thomaswestw
Pullback Trading Tool R5-65 by JustUncleLBy request this is an updated version of the "PullBack Trading Tool": removes experimental "OCC" channel, added option to display ribbons or just single moving average lines, added alert arrows for "PB" exits, added alertcondition for TV alarm subsystem, added some extract options for Pivot points and general cleanup of code. Description: This project incorporates the majority of the indicators needed to analyse and trade Trends for Pullbacks, swings and reversals. Incorporated within this tool are the following indicators: 1. Major industry (Banks) recognised important EMAs in an EMA Ribbon: Lime = EMA5 (Optional Display) DodgerBlue = EMA12 (Optional Display) Red = EMA36 (Optional display) Green = EMA89 Blue = EMA200 Black = EMA633 2. The 5 EMA (default) High/Low/Close Price Action Channel (PAC), the PAC channel display is disabled by default. 3. Optionally display Fractals and optional Fractal levels 4. Optional HH, LH, LL, HL finder. 5. Optional Buy/Sell "PB" exit Alerts with Optional 200EMA filter. 6. Coloured coded Bar high lighting based on the PAC: blue = bar closed above PAC red = bar closed below PAC gray = bar closed inside PAC 7. Alert condition sent to TradingView's Alarm subsystem for PB exits. 8. Pivot points with optional labels. 9. EMA5-12 Ribbon is displayed by default. 10.EMA12-36 Ribbon is displayed by default Set up and hints: I am unable to provide a full description here, as Pullback Trading incorporates a full trading Methodology, there are a number of articles and books written on the subject. Set the chart to Heikin Ashi Candles (optional). I also add a "Sweetspot Gold R3" indicator to the chart as well to help with support and resistance finding and shows where the important "00" lines are. First on a weekly basis say Sunday night or Monday morning, analyse the Daily and Weekly charts to establish overall trends, and support/resistant levels. Draw significant mini trend lines (2/3 TL), vertical trend lines (VTL) and S/R levels. Can use the Pivots points to guide VTL drawing and Fractals to help guide 2/3 TL drawing. Once the trend direction and any potential major reversals highlighted, drop down to lower timeframe chart and draw appropriate mini Trend line (2/3 TL) matching the established momentum direction. Take note of potential pull backs from and of the EMAs, in particular the EMA5-12 ribbon, EMA12-36 Ribbon and the 200EMA. Can use the Pivots and/or Fractals points to guide your 2/3 TL drawing. Set a TradingView alarm on the "PBTOOL alert", with the default settings this normally occurs before or during the Break of the manually drawn TL lines. Once alerted check to see if the TL is broken and is returning to trend away from the EMA lines, this is indicated by bar colour change to trend directional colour. You can trade that alert or drop down to even lower time frames and perform the same TL analysis there to find trades at the lower TF. Trading at lower TF you will allow tighter Stop loss settings. Other than the "SweetSpot Gold R3" indicator, you should not need any other indicator to successfully trade trends for Pullbacks and reversals. If you really want another indicator I suggest a momentum one for example: AO ( Awesome Oscillator ), MACD or Squeeze Momentum.
Penunjuk Pine Script®
oleh JustUncleL
10
Dual EMA Trend Ribbon (Multi-Timeframe Trend Confirmation) Dual EMA Trend Ribbon (Multi-Timeframe Trend Confirmation) This Pine Script indicator creates a visually clear representation of trend direction using two overlaid Exponential Moving Average (EMA) Ribbons, which allows traders to assess both short-term and medium-term momentum at a glance. How It Works: The indicator plots two separate EMA ribbons, each calculated using a distinct set of periods, simulating a multi-timeframe approach on a single chart: Inner (Fast) Ribbon (Defaults 10/30): Represents the fast-moving, short-term trend. Green: Fast EMA 1 > Slow EMA 1 (Short-term Bullish) Red: Fast EMA 1 < Slow EMA 1 (Short-term Bearish) Outer (Slow) Ribbon (Defaults 40/50): Represents the slower, medium-term trend. Darker Green/Red: Indicates the overall, underlying market bias. How to Use: Strong Trend Confirmation: A strong signal occurs when both ribbons are aligned (e.g., both are Green). This suggests that short-term momentum aligns with the medium-term bias. Trend Weakness/Reversal: Pay attention when the two ribbons cross or when the fast ribbon changes color against the slow ribbon's color (e.g., fast ribbon turns Red while the slow ribbon remains Green). This often signals a temporary pullback or potential reversal of the underlying trend. Settings: Users can easily adjust the four input periods (Fast EMA 1, Slow EMA 1, Fast EMA 2, Slow EMA 2) to customize the sensitivity to any trading style or asset.
Penunjuk Pine Script®
oleh Aleksin_Aleksandar
4
Filter Trend1. Indicator Name Premium EMA Ribbon Filter (Pro Version) (Advanced Trend & Momentum Filtering System Based on EMA Ribbons) 2. One-Line Introduction A professional trend-analysis indicator that blends an advanced noise-filtering algorithm with an EMA ribbon system to extract only the pure bullish/bearish trend while smoothing out market noise. 3. Overall Description (7+ lines) The Premium EMA Ribbon Filter is more than just a set of EMAs. It analyzes the structure of a fast, medium, and slow EMA ribbon—along with the spacing and alignment between them—to determine whether the market is in a bullish trend, bearish trend, or a neutral/noise-heavy zone. The core of this indicator is its noise-reduction algorithm and trend-strength calculation system. Instead of relying on simple EMA cross signals, it evaluates how consistently the ribbon maintains bullish/bearish alignment over a specified period and highlights only strong trends with color coding, while weak or noisy areas are displayed in gray. This helps traders avoid confusing or false signals and clearly focus only on the “meaningful zones.” A Triple-Smoothing System is applied to create smoother, more refined ribbon movements, forming a stable “premium trend curve” that is less affected by short-term volatility. As a result, this indicator works effectively for scalping, swing trading, and long-term trend following—staying true to the principle of removing noise and highlighting only the core market flow. 4. Short Advantages (6 items) ① Complete Noise Filtering Using EMA ribbon comparison + tolerance logic, false reversals are largely eliminated, leaving only stable trend phases. ② Highly Readable Color System Bullish trends are mint, bearish trends are red, and neutral/noise zones are gray—instantly visualizing market conditions. ③ Trend Strength Visualization Not only trend direction but also trend strength is displayed via dynamic color transparency. ④ Smooth, Premium-Style Ribbon Design Triple-smoothing creates a refined, luxury-level smoothness in movement. ⑤ Works Across All Timeframes From 1-minute scalping to daily/weekly macro trend analysis. ⑥ Excellent Real-Trading Compatibility Works extremely well when combined with ATR, SuperTrend, and volume-based indicators. Indicator Manual (Required Section) 📌 Understanding the Core Concept The indicator uses three EMAs (e.g., 20/50/100) arranged as a ribbon to analyze the structural alignment of the trend. When the EMAs are cleanly aligned Top → Middle → Bottom, the market is in a bullish trend. When aligned Bottom → Middle → Top, the market is in a bearish trend. The indicator further evaluates the ribbon spread (gap) and the consistency of alignment to compute trend strength. Noisy market conditions are shaded gray to clearly indicate “uncertain/indecisive” zones. ⚙️ Settings Description Option Description Fast EMA Most sensitive EMA; detects early trend signals Mid EMA Stabilizes the primary trend direction Slow EMA Defines the broader, long-term trend flow Trend Lookback The period used to analyze trend strength Noise Tolerance (%) Higher values = stronger noise removal Smoothing Steps Controls how smooth the ribbon becomes 📈 Example Recognition A bullish continuation/entry scenario forms when: EMAs align in the order Fast → Mid → Slow (top side) Ribbon color shifts into mint (strong bullish trend) The ribbon begins to expand while price stays above the ribbon 📉 Example Recognition A bearish continuation/entry occurs when: EMAs align Fast → Mid → Slow (bottom side) Ribbon color remains red After contracting, the ribbon expands again during renewed downside strength 🧪 Recommended Usage Combine with volume-based indicators (OBV, Volume Profile) → enhanced strong-trend detection Use with SuperTrend or ATR Stop → clearer stop-loss placement Combine with RSI/Stoch → avoid counter-trend entries in overheated conditions Higher leverage traders should use higher tolerance settings 🔒 Cautions EMA ribbons are trend-following tools; signals may weaken in ranging/sideways markets. Never rely solely on this indicator—always confirm with volume, price patterns, or structure. Very low Lookback values may cause excessive re-entry signals. In high-volatility environments, ribbon spacing can contract/expand rapidly—use with caution.
Penunjuk Pine Script®
oleh c9indicator
1
TP RSITP RSI - Integrated Trend, Momentum, and Volatility Analyzer The TP RSI indicator is an innovative 3-in-1 technical analysis tool that combines RSI, Bollinger Bands, and an EMA ribbon to provide traders with a comprehensive view of trend, momentum, and volatility in a single, easy-to-interpret visual display. Why This Combination? This mashup addresses three critical aspects of market analysis simultaneously: Trend identification and strength (EMA ribbon) Momentum measurement (RSI) Volatility assessment (Bollinger Bands) By integrating these components, traders can make more informed decisions based on multiple factors without switching between different indicators. How Components Work Together: 1. EMA Ribbon (Trend): 10 EMAs form 5 color-coded bands Blue: Uptrend, Red: Downtrend Provides a nuanced view of trend strength and potential reversals 2. RSI (Momentum): Color-coded for quick interpretation Blue: Upward momentum, Red: Downward momentum, White: Neutral Position relative to the ribbon offers additional insight 3. Bollinger Bands (Volatility): Applied to RSI for dynamic overbought/oversold levels Narrow bands indicate low volatility, suggesting potential breakouts Unique Aspects and Originality: Synergistic visual cues: Color coordination between ribbon and RSI Multi-factor confirmation: Requires alignment of trend, momentum, and volatility for strong signals Volatility-adjusted momentum: RSI interpreted within the context of Bollinger Bands How these components work together: Buy Signal: Blue ribbon with blue RSI outside the ribbon. Sell Signal: Red ribbon with red RSI outside the ribbon. Neutral: White RSI or RSI inside the ribbon (not recommended for trading) Increasing Momentum: RSI crossing above upper Bollinger Band (upward) or below lower Band (downward). Trend Strength: RSI rejection by the ribbon, while all bands are colored along with the trend direction, identifies a strong trend.
Penunjuk Pine Script®
oleh TrendlineProject
17
DAMMU Swing Trading PRODammu Scalping Pro – Short Notes 1️⃣ Purpose: Scalping and swing trading tool for 15-min and 1-min charts. Designed for trend continuation, pullbacks, and reversals. Works well with Heikin Ashi candles (optional). 2️⃣ Core Components: EMAs: Fast: EMA5-12 Medium: EMA12-36 Ribbon Long: EMA75/89 (1-min), EMA180/200 (15-min), EMA540/633 Price Action Channel (PAC): EMA-based High, Low, Close channel. Fractals: Regular & filtered (BW) fractals for swing recognition. Higher Highs / Lower Highs / Higher Lows / Lower Lows (HH, LH, HL, LL). Pivot Points: Optional display with labels. 3️⃣ Bar Coloring: Blue: Close above PAC Red: Close below PAC Gray: Close inside PAC 4️⃣ Alerts: Swing Buy/Sell arrows based on PAC breakout and EMA200 filter. Optional “Big Arrows” mode for visibility. Alert messages: "SWING_UP" and "SWING_DN" 5️⃣ Workflow / Usage Tips: Set chart to 15-min (for trend) + 1-min (for entry). Optionally enable Heikin Ashi candles. Trade long only above EMA200, short only below EMA200. Watch for pullbacks into EMA channels or ribbons. Confirm trend resumption via PAC breakout & bar color change. Use fractals and pivot points to draw trendlines and locate support/resistance. 6️⃣ Optional Filters: Filter PAC signals with 200 EMA. Filter fractals for “Pristine/Ideal” patterns (BW filter). 7️⃣ Visuals: EMA ribbons, PAC fill, HH/LL squares, fractal triangles. Pivot labels & candle numbering for patterns. 8️⃣ Notes: No extra indicators needed except optionally SweetSpot Gold2 for major S/R levels. Suitable for scalping pullbacks with trend confirmation. If you want, I can make an even shorter “one-screen cheat sheet” with colors, alerts, and EMAs, perfect for real-time chart reference. Do you want me to do that?
Penunjuk Pine Script®
oleh dammucool
DAMMU Swing Trading PRODammu Scalping Pro – Short Notes 1️⃣ Purpose: Scalping and swing trading tool for 15-min and 1-min charts. Designed for trend continuation, pullbacks, and reversals. Works well with Heikin Ashi candles (optional). 2️⃣ Core Components: EMAs: Fast: EMA5-12 Medium: EMA12-36 Ribbon Long: EMA75/89 (1-min), EMA180/200 (15-min), EMA540/633 Price Action Channel (PAC): EMA-based High, Low, Close channel. Fractals: Regular & filtered (BW) fractals for swing recognition. Higher Highs / Lower Highs / Higher Lows / Lower Lows (HH, LH, HL, LL). Pivot Points: Optional display with labels. 3️⃣ Bar Coloring: Blue: Close above PAC Red: Close below PAC Gray: Close inside PAC 4️⃣ Alerts: Swing Buy/Sell arrows based on PAC breakout and EMA200 filter. Optional “Big Arrows” mode for visibility. Alert messages: "SWING_UP" and "SWING_DN" 5️⃣ Workflow / Usage Tips: Set chart to 15-min (for trend) + 1-min (for entry). Optionally enable Heikin Ashi candles. Trade long only above EMA200, short only below EMA200. Watch for pullbacks into EMA channels or ribbons. Confirm trend resumption via PAC breakout & bar color change. Use fractals and pivot points to draw trendlines and locate support/resistance. 6️⃣ Optional Filters: Filter PAC signals with 200 EMA. Filter fractals for “Pristine/Ideal” patterns (BW filter). 7️⃣ Visuals: EMA ribbons, PAC fill, HH/LL squares, fractal triangles. Pivot labels & candle numbering for patterns. 8️⃣ Notes: No extra indicators needed except optionally SweetSpot Gold2 for major S/R levels. Suitable for scalping pullbacks with trend confirmation. If you want, I can make an even shorter “one-screen cheat sheet” with colors, alerts, and EMAs, perfect for real-time charT
Penunjuk Pine Script®
oleh dammucool
Trinity Ultimate 10 MA Ribbons)I got tired of trying to find a multi MA ribbon that could also color change and allow different types, if it exists then I could not find it... So here it is... The **Trinity Ultimate 10 MA Ribbon** is a highly customizable, professional-grade moving average ribbon that combines extreme flexibility with beautiful visual feedback. Designed for traders who want full control without sacrificing clarity, it allows you to build a ribbon using up to ten completely independent moving averages — each with its own length, type, color, thickness, and visibility setting — while automatically coloring both the lines and the fills according to bullish or bearish conditions. ### Key Features - Ten fully independent moving averages that can be mixed and matched exactly as you want. - Each MA has its own selectable type: EMA (default), SMA, WMA, HMA, RMA, VWMA, or ALMA — perfect for combining fast EMAs with a slow HMA or a classic 200-period SMA. - Every single MA line automatically changes color in real time: bright green when price is above the MA (bullish) and red when price is below the MA (bearish), making trend strength instantly visible across all timeframes. - Smart, reactive ribbon fills that appear only between consecutive enabled MAs. Turn any MA on or off and the fills instantly adjust — no gaps, no broken bands, no manual rework. - Nine layered fills with individually adjustable transparency (default is gradually increasing transparency from the fastest to the slowest MA), creating a smooth, depth-like ribbon effect that looks stunning on any chart background. - Fill color itself is dynamic: green for bullish candles (close > open) and red for bearish candles, or you can customize both colors to any shade you prefer. - Full control over every visual element: base colors, line thickness (1–10), lengths, and show/hide toggles for each of the ten MAs. - Clean and lightweight code that compiles instantly in Pine Script v5 and works on all markets and timeframes without lag. In short, this is the most flexible and visually informative moving-average ribbon available on TradingView today. Whether you want a classic 9-EMA ribbon, a Guppy-style multiple-timeframe setup, a hybrid EMA/HMA mix, or just three or four key levels, the indicator adapts perfectly while always telling you at a glance where the bulls and bears are in control.
Penunjuk Pine Script®
oleh EMA34TRADER
Mythical EMAs + Dynamic VWAP BandThis indicator titled "Mythical EMAs + Dynamic VWAP Band." It overlays several volatility-adjusted Exponential Moving Averages (EMAs) on the chart, along with a Volume Weighted Average Price (VWAP) line and a dynamic band around it. Additionally, it uses background coloring (clouds) to visualize bullish or bearish trends, with intensity modulated by the price's position relative to the VWAP. The EMAs are themed with mythical names (e.g., Hermes for the 9-period EMA), but this is just stylistic flavoring and doesn't affect functionality. I'll break it down section by section, explaining what each part does, how it works, and its purpose in the context of technical analysis. This indicator is designed for traders to identify trends, momentum, and price fairness relative to volume-weighted averages, with volatility adjustments to make the EMAs more responsive in volatile markets. ### 1. **Volatility Calculation (ATR)** ```pine atrLength = 14 volatility = ta.atr(atrLength) ``` - **What it does**: Calculates the Average True Range (ATR) over 14 periods (a common default). ATR measures market volatility by averaging the true range (the greatest of: high-low, |high-previous close|, |low-previous close|). - **Purpose**: This volatility value is used later to dynamically adjust the EMAs, making them more sensitive in high-volatility conditions (e.g., during market swings) and smoother in low-volatility periods. It helps the indicator adapt to changing market environments rather than using static EMAs. ### 2. **Custom Mythical EMA Function** ```pine mythical_ema(src, length, base_alpha, vol_factor) => alpha = (2 / (length + 1)) * base_alpha * (1 + vol_factor * (volatility / src)) ema = 0.0 ema := na(ema ) ? src : alpha * src + (1 - alpha) * ema ema ``` - **What it does**: Defines a custom function to compute a modified EMA. - It starts with the standard EMA smoothing factor formula: `2 / (length + 1)`. - Multiplies it by a `base_alpha` (a user-defined multiplier to tweak responsiveness). - Adjusts further for volatility: Adds a term `(1 + vol_factor * (volatility / src))`, where `vol_factor` scales the impact, and `volatility / src` normalizes ATR relative to the source price (making it scale-invariant). - The EMA is then calculated recursively: If the previous EMA is NA (e.g., at the start), it uses the current source value; otherwise, it weights the current source by `alpha` and the prior EMA by `(1 - alpha)`. - **Purpose**: This creates "adaptive" EMAs that react faster in volatile markets (higher alpha when volatility is high relative to price) without overreacting in calm periods. It's an enhancement over standard EMAs, which use fixed alphas and can lag in choppy conditions. The mythical theme is just naming—functionally, it's a volatility-weighted EMA. ### 3. **Calculating the EMAs** ```pine ema9 = mythical_ema(close, 9, 1.2, 0.5) // Hermes - quick & nimble ema20 = mythical_ema(close, 20, 1.0, 0.3) // Apollo - short-term foresight ema50 = mythical_ema(close, 50, 0.9, 0.2) // Athena - wise strategist ema100 = mythical_ema(close, 100, 0.8, 0.1) // Zeus - powerful oversight ema200 = mythical_ema(close, 200, 0.7, 0.05) // Kronos - long-term patience ``` - **What it does**: Applies the custom EMA function to the close price with varying lengths (9, 20, 50, 100, 200 periods), base alphas (decreasing from 1.2 to 0.7 for longer periods to make shorter ones more responsive), and volatility factors (decreasing from 0.5 to 0.05 to reduce volatility influence on longer-term EMAs). - **Purpose**: These form a multi-timeframe EMA ribbon: - Shorter EMAs (e.g., 9 and 20) capture short-term momentum. - Longer ones (e.g., 200) show long-term trends. - Crossovers (e.g., short EMA crossing above long EMA) can signal buy/sell opportunities. The volatility adjustment makes them "mythical" by adding dynamism, potentially improving signal quality in real markets. ### 4. **VWAP Calculation** ```pine vwap_val = ta.vwap(close) // VWAP based on close price ``` - **What it does**: Computes the Volume Weighted Average Price (VWAP) using the built-in `ta.vwap` function, anchored to the close price. VWAP is the average price weighted by volume over the session (resets daily by default in Pine Script). - **Purpose**: VWAP acts as a benchmark for "fair value." Prices above VWAP suggest bullishness (buyers in control), below indicate bearishness (sellers dominant). It's commonly used by institutional traders to assess entry/exit points. ### 5. **Plotting EMAs and VWAP** ```pine plot(ema9, color=color.fuchsia, title='EMA 9 (Hermes)') plot(ema20, color=color.red, title='EMA 20 (Apollo)') plot(ema50, color=color.orange, title='EMA 50 (Athena)') plot(ema100, color=color.aqua, title='EMA 100 (Zeus)') plot(ema200, color=color.blue, title='EMA 200 (Kronos)') plot(vwap_val, color=color.yellow, linewidth=2, title='VWAP') ``` - **What it does**: Overlays the EMAs and VWAP on the chart with distinct colors and titles for easy identification in TradingView's legend. - **Purpose**: Visualizes the EMA ribbon and VWAP line. Traders can watch for EMA alignments (e.g., all sloping up for uptrend) or price interactions with VWAP. ### 6. **Dynamic VWAP Band** ```pine band_pct = 0.005 vwap_upper = vwap_val * (1 + band_pct) vwap_lower = vwap_val * (1 - band_pct) p1 = plot(vwap_upper, color=color.new(color.yellow, 0), title="VWAP Upper Band") p2 = plot(vwap_lower, color=color.new(color.yellow, 0), title="VWAP Lower Band") fill_color = close >= vwap_val ? color.new(color.green, 80) : color.new(color.red, 80) fill(p1, p2, color=fill_color, title="Dynamic VWAP Band") ``` - **What it does**: Creates a band ±0.5% around the VWAP. - Plots the upper/lower bands with full transparency (color opacity 0, so lines are invisible). - Fills the area between them dynamically: Semi-transparent green (opacity 80) if close ≥ VWAP (bullish bias), red if below (bearish bias). - **Purpose**: Highlights deviations from VWAP visually. The color change provides an at-a-glance sentiment indicator—green for "above fair value" (potential strength), red for "below" (potential weakness). The narrow band (0.5%) focuses on short-term fairness, and the fill makes it easier to spot than just the line. ### 7. **Trend Clouds with VWAP Interaction** ```pine bullish = ema9 > ema20 and ema20 > ema50 bearish = ema9 < ema20 and ema20 < ema50 bullish_above_vwap = bullish and close > vwap_val bullish_below_vwap = bullish and close <= vwap_val bearish_below_vwap = bearish and close < vwap_val bearish_above_vwap = bearish and close >= vwap_val bgcolor(bullish_above_vwap ? color.new(color.green, 50) : na, title="Bullish Above VWAP") bgcolor(bullish_below_vwap ? color.new(color.green, 80) : na, title="Bullish Below VWAP") bgcolor(bearish_below_vwap ? color.new(color.red, 50) : na, title="Bearish Below VWAP") bgcolor(bearish_above_vwap ? color.new(color.red, 80) : na, title="Bearish Above VWAP") ``` - **What it does**: Defines trend conditions based on EMA alignments: - Bullish: Shorter EMAs stacked above longer ones (9 > 20 > 50, indicating upward momentum). - Bearish: The opposite (downward momentum). - Sub-conditions combine with VWAP: E.g., bullish_above_vwap is true only if bullish and price > VWAP. - Applies background colors (bgcolor) to the entire chart pane: - Strong bullish (above VWAP): Green with opacity 50 (less transparent, more intense). - Weak bullish (below VWAP): Green with opacity 80 (more transparent, less intense). - Strong bearish (below VWAP): Red with opacity 50. - Weak bearish (above VWAP): Red with opacity 80. - If no condition matches, no color (na). - **Purpose**: Creates "clouds" for trend visualization, enhanced by VWAP context. This helps traders confirm trends—e.g., a strong bullish cloud (darker green) suggests a high-conviction uptrend when price is above VWAP. The varying opacity differentiates signal strength: Darker for aligned conditions (trend + VWAP agreement), lighter for misaligned (potential weakening or reversal). ### Overall Indicator Usage and Limitations - **How to use it**: Add this to a TradingView chart (e.g., stocks, crypto, forex). Look for EMA crossovers, price bouncing off EMAs/VWAP, or cloud color changes as signals. Bullish clouds with price above VWAP might signal buys; bearish below for sells. - **Strengths**: Combines momentum (EMAs), volume (VWAP), and volatility adaptation for a multi-layered view. Dynamic colors make it intuitive. - **Limitations**: - EMAs lag in ranging markets; volatility adjustment helps but doesn't eliminate whipsaws. - VWAP resets daily (standard behavior), so it's best for intraday/session trading. - No alerts or inputs for customization (e.g., changeable lengths)—it's hardcoded. - Performance depends on the asset/timeframe; backtest before using. - **License**: Mozilla Public License 2.0, so it's open-source and modifiable.
Penunjuk Pine Script®
oleh Panos1389