MA Ribbon


Description:

MA Ribbon cuts through the noise to display the strength of a trend

The strength of the trend is shown via the difference between current bar's MA
and the MA of X bars ago. (usually half of the MA length)

When the trend strength is positive and increasing,
the indicator will display an upward ribbon that is increasing in width.

When the trend strength is subsiding, the ribbon narrows.

Eventually when the market reverses, the ribbon will change color,
then reverses direction.








Note:
This EasyLanguage indicator was written in MultiCharts.
I have not tested it in other compatible programs.
Please refer to your users manual for importation instructions.

Your comments and rating of this indicator is appreciated.

.

[aaa]

ThanX Tams for this nice (and pretty !) indicator

// Version beta 0.2
// Author: aaa
// Date: 20091017
// Added Width.Avg + Width.FillUp for a clean border and adjust to Bar Spacing



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[Tams]

that's cool !

thanks for the enhancement !

[Disco Scottie]

Okay, I'm stupid... how do I use the .txt file to make it work in TS? I tried saving it as a basic indicator, but it's plotting on a sub-graph.

[Tams]

11.23.14.5

Originally Posted by Disco Scottie »

Okay, I'm stupid... how do I use the .txt file to make it work in TS? I tried saving it as a basic indicator, but it's plotting on a sub-graph.

check under Properties

[Tams]

This indicator works even better with Volume Bar Chart

830.55.103

[BlueHorseshoe]

Originally Posted by Tams »

11.23.14.5



check under Properties

Or drag and drop the subgraph indicator onto the price chart.

[BlueHorseshoe]

Originally Posted by BlueHorseshoe »

Or drag and drop the subgraph indicator onto the price chart.

Or find an existing TS indicator that plots on the price chart, delete out all the text, paste in TAMS code to replace it, and then save it with a new indicator name.