Moving Average Ribbon
Moving Average Ribbon Interpretation:
This indicator allows you to detect changes in trend. If all the moving averages are in the same direction, the current trend is strong. If the outside Moving Averages are begriming to cross, then a reversal is happening.
Moving Average Ribbon Calculation:
This indicator displays up to 12 different Moving Averages on the same security. The parameters you can set are - the base period for the first Moving Averages, the number of Moving Averages and the period incrimination step between each Moving Average. For example if, set a base period of 20, a number of Moving Average 5 and a step of 10, this will display 5 different Moving Averages - 20,30,40,50 and 60. You can change any of these parameters to meet your own needs.
Moving Average Ribbon Tip:
Add color zones to this indicator to shade the zones between the different Moving Averages.
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