// Name : MA Ribbon
// Date : 20100112
// Release : 1.0
// Language : AFL

// Author : TAMS
// http://www.traderslaboratory.com/for...bbon-6992.html
// Adapted from Easy Language : aaa
// Color : Head2K

// Public license , Terms of use:
// You are required to include this header if you incorporate
// all or parts of the concepts or codes of this indicator.

// Differences with tradestation or Multicharts
// 1) The lenght is adjustable with a slider in a floating window in Real Time
// 2) The loocback is projected in the future

[aaa]

How to

Please delete the .txt extension and put the indicator in your preferate Formulas subdirectory

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Dear James

Should it B possible 2 add *.afl FileType in the attachment key ?

Best regards

[Tams]

this is real cool.


to get the extension in EasyLanguage,
you can look at this code:

Moving Average with extension
and choice of exponential or simple average

http://www.traderslaboratory.com/for...sion-5642.html

110.70

[aaa]

Hi Tams

I use your smart indicator on all of my averages and I adore it

It's cool to see quickly a reverse

But it is based only on the 2 last bars

It draws a line between 2 points like a finger Showing a direction

with Amibroker it shows the entire last 17 bars (ex on my graph) projected in the future

This is a huge difference

Moving the slider shows in RT that it is all of the average which slides in the future

In my example It could B interesting 2 test different lenght and draw an horizontal line at an eventual resistance in the future 2 C what gonna happen ?

Regards

[Tams]

Yes, the AFL code is definitely smarter... My EL is only an extension, not a projection.

[aaa]

*
In my example It could B interesting 2 test different lenght and draw an horizontal line at an eventual resistance in the future 2 C what gonna happen ?
*


It could have been a nice short entry ( bubble blue = trend down ) the day after on monday at the open a little bit over the 32.38 resistance

[Head2k]

Just coincidence. What's important is the stair-step based S/R, your white horizontal line. You could have put the whole indicator away and leave just the white line... and see "what happens".

I suggest you to read this post from DbPhoenix's blog:
On Virgins and The Tooth Fairy - Traders Laboratory - Professional Traders Community

[aaa]

Hi Head2K

On Virgins and The Tooth Fairy is an interesting enigmatic philososophical view

"The money under the pillow is not evidence of the existence of the tooth fairy,
and spring will arrive regardless of whether the virgin is tossed into the volcano or not."

B sure that On this site I take good care of all views from pro traders like DbPhoenix or you

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As a beginner, learning the basics, step by step, as a 2 yo baby,

I observe, think and try 2 find as much as possible "reasonnable" good reasons 2 enter a trade

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- The white line is a potential pull back to a broken support

- It's also the 4th wave and we expect the 5th one ending down

- It's 50 % of Fibo retracement

- The trend was down

- etc

- etc

- and of course much more reasons that we don't know (yet)

All of them are not coincidences because we saw their patterns with, let say 75 % of success

Why Tams' MA Ribbon on my example, if we see this "coincidence" with 75 % of success, could not B an other good reason to enter a trade?

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So with x good reasons with 75 % of succes, we could decide 2 enter short over 32.38 on monday morning

Where should have gone the price during the day ?

a) Go down and making the 76 th % good reason of success ?

B) May B a good news should have explosed all these good reasons making a crazy long rally sliding down the 75% of good reasons to 49 % ?

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Best regards

aaa

PS What's important is the stair-step based ... specially after a drink party if the light switch off ... Hips !