Support & Resistance with MA Ribbons LITE Support & Resistance with MA Ribbon LITE
Overview
Support & Resistance with MA Ribbon LITE is a technical analysis indicator for TradingView that combines a flexible Moving Average (MA) Ribbon with a dynamic Support & Resistance (S/R) system.
The indicator is designed as a visual decision-support tool, allowing traders to evaluate trend structure, momentum context, and key price reaction zones within a single, uncluttered chart overlay.
This script is published as open source under the Mozilla Public License 2.0 , encouraging transparency, learning, and community-driven development.
Core Components
1. Moving Average Ribbon System
The MA Ribbon consists of two configurable moving averages (Fast and Slow) with multiple calculation and smoothing options, including:
EMA, SMA, WMA, VWMA
DEMA, TEMA, Zero-Lag EMA
Hull MA, Linear Regression MA
Super Smoother, Smoothed MA, Laguerre MA
Key features include:
Trend-aware ribbon fill (bullish / bearish)
Optional candle coloring aligned with ribbon state
Minute-based anchor timeframe logic for consistent trend structure
Optional MA cross, swing, and continuation markers
Alert support for MA-related events
The MA Ribbon is intended to provide trend context , not standalone trade signals.
2. Support & Resistance Engine
The Support & Resistance system is based on pivot structure analysis and dynamically adapts to new price data.
Features include:
Main and strong support/resistance levels
Up to 12 active levels displayed on the chart
Preset sensitivities (Scalp, Intraday, Swing) and custom configuration
Optional multi-timeframe (MTF) level detection
Adaptive labels with automatic contrast handling
Optional strength filtering based on historical interactions
Optional heat map visualization reflecting level interaction frequency
All levels are plotted directly on the price chart for immediate contextual reference.
Alert System
The script includes a configurable alert framework covering:
Main and strong level touches
Breakouts and breakdowns
Retests of broken levels
Optional rejection detection (wick beyond a level with close back inside)
Cooldown logic to limit repeated alerts in consolidation phases
Alerts are informational only and should always be confirmed visually.
Customization & Performance
Unified color presets (Classic, Aqua, Cosmic, Ember, Neon, Custom)
Independent opacity control for MA Ribbon and candles
Modular on/off controls for MA Ribbon and S/R components
Optimized plotting to remain within TradingView limits
Designed for stable performance across lower and higher timeframes
Intended Use
This indicator is designed to assist with chart interpretation and market structure analysis. It may help users:
Identify prevailing trend conditions
Observe price behavior around structurally relevant levels
Combine trend context with horizontal market structure
Reduce chart clutter by consolidating multiple concepts into one script
This indicator is not a trading strategy, does not provide financial advice, and should be used alongside independent analysis and appropriate risk management.
How to Use
1. Chart Setup
Add the indicator to any chart and timeframe.
Both the MA Ribbon and Support & Resistance systems are enabled by default and can be managed independently via the Master Controls section.
General guidance:
Higher timeframes for structural context
Lower timeframes for execution and refinement
Applicable across different markets and instruments
2. Using the MA Ribbon
The MA Ribbon visualizes trend direction and momentum context.
General interpretation:
Price above both MAs → bullish bias
Price below both MAs → bearish bias
Ribbon color reflects trend alignment
Ribbon compression may indicate consolidation or transition
Optional features include candle coloring, MA cross markers, and filtered continuation arrows.
Best practice:
Use the MA Ribbon to identify the market regime before reacting to support or resistance levels.
MA Ribbon – Minute-Based Timeframe Logic
Anchor Timeframe (Minutes)
Anchors MA calculations to a fixed timeframe expressed in minutes.
Examples:
60 = 1 hour
240 = 4 hours
0 = use current chart timeframe
How It Works
The anchor automatically scales MA lengths so that the same trend structure is preserved across different chart timeframes.
Example (Anchor = 60):
5-minute chart → follows 1-hour structure
15-minute chart → follows the same 1-hour structure
1-hour chart → standard calculation
Show Ribbon Only If Chart TF > Anchor
Optionally hides the MA Ribbon on chart timeframes lower than the anchor to reduce visual noise.
3. Using Support & Resistance Levels
Support and resistance levels are derived from pivot structures and update dynamically.
Level types:
Main Support / Resistance (most recent and relevant)
Strong Support / Resistance (confirmed pivots)
Additional historical levels (up to 12 total)
Usage guidelines:
Focus on price behavior around levels rather than exact prices
Combine level reactions with MA Ribbon trend context
Use strength filtering to reduce weaker levels
Heat map mode highlights frequently interacted zones
4. Combining Trend and Structure
The indicator is most effective when both systems are used together:
In uptrends, focus on reactions near support
In downtrends, focus on reactions near resistance
Breakouts are more relevant when aligned with trend context
Retests gain importance when structure and trend agree
Customization Tips
Use preset sensitivities (Scalp / Intraday / Swing) for quick setup
Enable MTF S/R to reference higher-timeframe structure
Adjust label size, offset, and precision for readability
Disable unused components to improve performance on lower-end systems
This combined view helps improve contextual clarity and reduce noise.
5. Alerts Usage
Alerts are optional and fully configurable.
Cooldown settings can be used to limit repeated notifications during ranging conditions.
All alerts are informational and should be visually validated.
Open Source & Credits
This script is released as open source under the Mozilla Public License 2.0.
Parts of the MA Ribbon logic and conceptual inspiration are derived from publicly shared work by JustUncleL on TradingView.
Respect and thanks are extended for these contributions.
You are free to:
Study the code
Modify it for personal use
Share improvements under the same license terms
Disclaimer
This indicator is provided for educational and informational purposes only.
No guarantees are made regarding accuracy, performance, or outcomes.
Use at your own discretion.
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