(E)Moving Average Ribbon High/Low

3 thg 10, 2022

This is a slight modification of the standard Moving Average Ribbon. This script will take the 200 EMA and SMA with source the high and low, not the close.

This band will act as a support and resistance zone and should be used as a confluence with other indicators or support/resistance lines.
I got inspired to create this one, by the YT video "FINALLY! The 200 EMA Confluence Trading Strategy You’ve Been Waiting For" by The Secret Mindset.
In his video he takes only the 200EMA, but this script will take by default also the SMA into account.

In the settings you still can adapt as you wish ;-)

Happy trading!

3 thg 10, 2022

Phát hành các Ghi chú

Changed indicator name in the code

3 thg 10, 2022

Phát hành các Ghi chú

Code cleanup