Moving Average Ribbon AZly

The Moving Average Ribbon AZly is a customizable indicator that plots six moving averages and highlights their interactions with colored fills. It gives traders a layered view of trend strength, direction, and momentum across multiple timeframes, making it easier to spot trend continuations or reversals.

Moving Average Function

The script includes a helper function ma() that allows each moving average to be calculated using different methods:
SMA (Simple Moving Average)
EMA (Exponential Moving Average)
SMMA/RMA (Smoothed Moving Average)
WMA (Weighted Moving Average)
VWMA (Volume-Weighted Moving Average)
HMA (Hull Moving Average – approximated using SMA in this script)

Default Setup

MA #1: EMA 10 (blue)
MA #2: EMA 20 (orange)
MA #3: EMA 75 (yellow)
MA #4: EMA 150 (transparent red)
MA #5: EMA 200 (black)
MA #6: EMA 250 (transparent red)

This default configuration covers short-, medium-, and long-term averages, giving a full market structure overview.