OPEN-SOURCE SCRIPT
Updated Momentum Ribbon
The Momentum Ribbon is a collection of Moving Averages which indicate the severity of pull-backs in a given market.
As the ribbon spreads apart, it indicates more and more significant support/resistance for a trending market. As it is compressed back together, it displays a blue colour to indicate a "cooling" of trend momentum.
Adjustable Moving Average periods and types! You can customize the parameters of your ribbon to your heart's content!
As the ribbon spreads apart, it indicates more and more significant support/resistance for a trending market. As it is compressed back together, it displays a blue colour to indicate a "cooling" of trend momentum.
Adjustable Moving Average periods and types! You can customize the parameters of your ribbon to your heart's content!
Release Notes
Fixed commented code.Release Notes
Updated NameRelease Notes
Updated ImageOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.