Dudes Ribbon Down Only - Beta 3

Dude's Multi Time-Frame Pivot System BETA 3

This is the third beta release of a new "ribbon" type of indicator which shows trend information and pivot candle information for 8 different timeframes, all within a very compact and visually appealing space.

It is extremely useful for pinpointing trend changes or current trend by giving you information from 8 different timeframes on one chart. The idea is if multiple time-frames are in sync with each other, the stronger the signal will be. You can easily set alarms on pivot points to trigger Tradingview to send an email or SMS when an important signal appears on the chart. To trigger an alarm on a pivot alarm trigger, select the indicator in the alarm and choose 'Buy Alarm", "Sell Alarm", "Green Alarm", or "Red Alarm", depending on the indicator you are setting the alarm for. For the pivot alarm trigger, the drop down box specifying the resolution will have no effect, so you can ignore it. You may also set individual alarms for each resolution. To do this, choose the indicator in the drop down menu, then choose the resolution in the drop down menu next to that one, and finally choose"Cross Up" and set the value to 0.5. The value of the variable holding candle data is a binary 0 or 1.

The ribbon strategy is split into 3 different indicators because of the large amount of code required to calculate everything; Up, Down, and Red/Green. Please contact me if you are interested in purchasing a subscription to the strategy or want more information. The current subscription price is starting at $50USD on a monthly basis. I plan on doing bulk trials that will start and end for a select group of people at the same time. Contact me here on Tradingview via PM, or via email thedudeontvgmail.com if you are interested.