OPEN-SOURCE SCRIPT
Blackscrum Larsson Line Replica
Blackscrum Larsson Line Replica
— The Legendary "Larsson" EMA Ribbon, This is a replica, it probably isn't exactly what he does, in fact his is probably better, but mine is free and it helps me make money so do as you please.
WHAT IT IS
A visual replica of the famous "Larsson Line" — the iconic dual-EMA ribbon system used by elite traders to spot trend strength, reversals, and momentum shifts. Now 100% Pine Script, fully customizable, and lightning-fast.
HOW IT WORKS
• Fast EMA (21) — Reacts quickly to price
• Slow EMA (55) — Filters noise, defines trend
• Slope Smoothing (5) — Eliminates whipsaws
• Ribbon Fill — Instantly shows trend power
TREND LOGIC
• GOLD RIBBON → Bullish (Fast > Slow + Rising Slope)
• BLUE RIBBON → Bearish (Fast < Slow + Falling Slope)
• GRAY RIBBON → Neutral (Transition / Consolidation)
VISUAL CUES
• Thick colored Fast EMA
• Semi-transparent Slow EMA
• Gradient ribbon fill between EMAs
• Color flips only on confirmed slope + crossover
TRADING SIGNALS
• GOLD → Trend UP: Enter long, trail stops
• BLUE → Trend DOWN: Short or exit longs
• GRAY → Wait: Avoid entries, tighten stops
• Color change = Early reversal alert
SETTINGS
• Fast EMA: 21 (default) — tweak for sensitivity
• Slow EMA: 55 — core trend anchor
• Slope Smoothing: 5 — higher = cleaner signals
ALERTS
Two built-in:
1. "Trend UP" → Gold ribbon confirmed
2. "Trend DOWN" → Blue ribbon confirmed
BEST FOR
• BTC, ETH, majors on 1H–1D
• Trend-following systems
• Confirmation with volume or RSI
• Trailing stops along the ribbon
— The Legendary "Larsson" EMA Ribbon, This is a replica, it probably isn't exactly what he does, in fact his is probably better, but mine is free and it helps me make money so do as you please.
WHAT IT IS
A visual replica of the famous "Larsson Line" — the iconic dual-EMA ribbon system used by elite traders to spot trend strength, reversals, and momentum shifts. Now 100% Pine Script, fully customizable, and lightning-fast.
HOW IT WORKS
• Fast EMA (21) — Reacts quickly to price
• Slow EMA (55) — Filters noise, defines trend
• Slope Smoothing (5) — Eliminates whipsaws
• Ribbon Fill — Instantly shows trend power
TREND LOGIC
• GOLD RIBBON → Bullish (Fast > Slow + Rising Slope)
• BLUE RIBBON → Bearish (Fast < Slow + Falling Slope)
• GRAY RIBBON → Neutral (Transition / Consolidation)
VISUAL CUES
• Thick colored Fast EMA
• Semi-transparent Slow EMA
• Gradient ribbon fill between EMAs
• Color flips only on confirmed slope + crossover
TRADING SIGNALS
• GOLD → Trend UP: Enter long, trail stops
• BLUE → Trend DOWN: Short or exit longs
• GRAY → Wait: Avoid entries, tighten stops
• Color change = Early reversal alert
SETTINGS
• Fast EMA: 21 (default) — tweak for sensitivity
• Slow EMA: 55 — core trend anchor
• Slope Smoothing: 5 — higher = cleaner signals
ALERTS
Two built-in:
1. "Trend UP" → Gold ribbon confirmed
2. "Trend DOWN" → Blue ribbon confirmed
BEST FOR
• BTC, ETH, majors on 1H–1D
• Trend-following systems
• Confirmation with volume or RSI
• Trailing stops along the ribbon
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.