Designed for shorted time frames.
Bollinger bands based off of TEMA as source.
Ribbon based off TEMA and hullMA divergence.
RMA used to signal Bollinger bands.
Ribbon:
pinch -> reversal
blue -> sign of possible uptrend
red -> sign of possible downtrend
Bollinger bands background:
blue -> sign of continuing uptrend
red -> sign of continuing downtrend
TEMA momentum value cumulative
This indicator is show trend strong and change trend.
MT4 backtest EURUSD H1/M15 (japanese article)
mt4program.blogspot.jp
mt4program.blogspot.jp
mt4program.blogspot.jp
This is an extension of the Madrid Moving Average Ribbon public script to allow for different kinds of moving averages (the original allows only exponential and simple). Possible entries in the MA Type argument field are:
sma (simple moving average)
ema (exponential moving average)
wma (weighted moving average)
trima (triangular moving average)
zlema...
Mashed together the ema-bands from IvanLabrie with some moving average script stuff from ChrisMoody and LazyBear and this is the result. Credit goes to them, 'cause I don't know to how to code tbh. Just copy/pasted stuff untill I got the result I wanted.
Bands work as support/resistance among other things. You can use them to trade breakouts or reversals or...
