We focus on reducing the chance of loss. And trying to fix the Ribbon's main problem is signal lag. and more pseudo-signals when adjusting faster
What is OhManLan Ribbon? 1.) Up/Down signals that indicate a trend 2.) Partial Take-Profit signals that can be used as break-off signals 3.) OML Cloud that can be used as a support/resistance, as a stop loss or trailing stop, tells the strength of a trend and can also help reduce false up/down signals.
OhManLan Ribbon is an indicator that will make chart analysis easier for the crypto market.
### OML Colud The cloud are a visual representation of support and resistance , And its color also represents the strength of the trend, Using the cloud here allows smoother components.
- How to use - Buy when bar closes in Blue and Sell when bar closes in Orange, There are words to help you with reading the Up and Down signal, X is a Take-Profit signal. Sell partially when bar closes, Can be used with other indicators such as RSI (Divergence), Stochastic to confirm the accuracy.