PRIME

Fantastic MA Ribbon

Is identifying market trends with moving averages your go-to strategy?   Introducing our Fantastic MA Ribbon indicator– crafted for traders like you who understand the power of moving averages.   Born from a series of multiple moving averages of increasing periods, this indicator paints a vivid picture of market trends, offering you a comprehensive view of price action.

Here are exclusive upgrades to Fantastic MA Ribbon that go beyond the capabilities of the ordinary Moving Average Ribbon indicator:

• You have control over the number, length, and type of MAs shaping the ribbon, with flexibility in selecting from 11 methods (SMA, EMA, etc).
• No longer struggle with interpreting moving average arrangements within the ribbon, facilitated by quick trend signals.
• Pop-up and sound alerts keep you informed, even when not actively watching the charts.
• Visual enhancements with color-coded ribbon-like bands make it easier to interpret and analyze market trends.
• Significantly, the indicator offers 4 signal mechanisms, providing multiple options to match your unique trading style.

Let's delve into the details of these 4 signal mechanisms.

1. Based on Composite Plot

Rather than overlaying all the component moving averages, the indicator integrates the specified number of MAs into a single composite plot.

2. Based on Component Plots vs Price

The indicator displays a sequence of moving averages with ascending periods. You have the freedom to determine how many component MAs should be above or below a candle's closing price to trigger a signal.

For example, if you set the Minimum Consensus parameter to 50% and the number of component MAs to 10:

3. Based on Order of Component Plots

This mode comes with a subtle twist. To initiate a signal, the indicator factors in the angle of MAs, counting sequentially from the MA nearest to the price.

4. Combined Condition 1 & Condition 2

In this mode, a signal is triggered when the criteria outlined in the "Based on Composite Plot" and "Based on Component Plots vs Price" modes above are met.

Whether you're a seasoned professional or a newcomer to technical analysis, Fantastic MA Ribbon seamlessly blends simplicity with versatility, empowering you to navigate the markets with confidence and insight.

Dedicated NinjaScript signals:

• Signal_Trend: 1 = uptrend, -1 = downtrend