Global Ribbon

Global Ribbon Indicator is an advanced technical analysis tool that utilises a sentiment ribbon and support/resistance lines to identify key moments for entering and exiting positions. With extensive configuration options (timeframe selection) and personalisation features, the indicator is ideal for both short-term and long-term investors.


Market Sentiment Ribbon:
The indicator visualises market sentiment through a colored ribbon:
A green ribbon indicates positive market sentiment (uptrend).
A red ribbon signals negative market sentiment (downtrend).


Support and Resistance Lines:
The support line represents a level where the price tends to bounce upwards, indicating buyer dominance.
The resistance line marks a level where the price often stalls or declines, indicating seller dominance.


Position Entry – Suggested Signals:
Buy:
The price breaks above the support line.
The ribbon turns green.
The candle closes above the support line.

Sell:
The price breaks below the resistance line.
The ribbon turns red.
The candle closes below the resistance line.

Momentum Entries (long body candle):
Momentum is confirmed by a ribbon colour change and a dynamic candle close beyond the key support/resistance level — wait for the price to return to the line.

Position Exit

For Buy positions:
Exit occurs when the ribbon turns red, signalling a sentiment reversal.

For Sell positions:
Exit occurs when the ribbon turns green or when orange dots appear, indicating market indecision.

Indicator Visualization
The indicator displays the sentiment ribbon as colored zones on the chart:

Green for positive sentiment
Red for negative sentiment
Entry signals are marked with triangles:
Green triangle for buy
Red triangle for sell
A signal of investor hesitation, where supply and demand forces are balanced for a period, is shown as:
Orange dots

Alert/Notification Settings on TradingView
Alerts notify users of sentiment changes and potential entry/exit signals:

Green Ribbon – ribbon turned green
Red Ribbon – ribbon turned red
SELL Signal – conditions for a suggested long position are met (green triangle appears; default setting)
BUY Signal – conditions for a suggested short position are met (red triangle appears; default setting)
Attention-fluctuation – indicates a moment of market hesitation, marked by an orange dot (default setting)

Indicator Settings:
The "Global Ribbon" indicator offers configuration options in the settings section.

Arguments Section:
Allows selection of various timeframes for analysis, such as "1D" (daily), "4H" (four-hour), or "1W" (weekly). This enables users to analyse market sentiment and support/resistance levels from different time perspectives. Parameter adjustments allow for a precise definition of analysis periods and other core settings.

Style Section:
Enables personalisation of the indicator’s appearance:
Ribbon colours can be customised to user preference.
Support and resistance lines are displayed as distinct lines with defined colour and thickness.
Entry/exit signals can be marked with different graphic styles, such as triangles or dots.

Visibility:
Users can specify the time frame from which the indicator will present data. If no specific time frame is selected, the indicator will appear in the default (1D) settings.

The Global Ribbon Indicator is an analytical tool that combines advanced functionality with intuitive visualisation. With the ability to select timeframes and personalise the indicator’s appearance, users can precisely analyse market sentiment and key support/resistance levels. Its configuration options make it ideal for both novice traders and advanced investors seeking effective analytical solutions.