MA Ribbon

[Tams 20]

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.

 

.

MA_RIBBON_(MultiCharts).pla

MA_Ribbon_(TS).txt

Edited October 16, 2009 by Tams

[aaa 10]

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

 

 

--------------------------------------------------------------------------------

 

MA Ribbon 0.2.txt

MA Ribbons Rel2.pla

[Tams 20]

that's cool !

 

thanks for the enhancement !

[Disco Scottie 10]

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. :doh:

[Tams 20]

11.23.14.5

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. :doh:

 

 

check under Properties

Edited October 23, 2009 by Tams

[Tams 20]

This indicator works even better with Volume Bar Chart

 

 

830.55.103

Edited April 23, 2012 by Tams

[BlueHorseshoe 10]

11.23.14.5

 

 

 

check under Properties

 

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

[BlueHorseshoe 10]

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.