EMA Ribbon Squeeze [Luca Massuda]

6 dic 2021

This chart is used to capture volatility squeeze and trend.
The bollinger bands help determine whether prices are high or low on a relative basis. They are used in pairs, both upper and lower bands and in conjunction with a moving average.
The green cross on the BB means a squeeze in coming in the near future and a big move will soon appen up or down.
The EMA ribbon tells you the chart trend. When it is green you can open a long position when it flips red you can open a short position.
Keep your position until the color change.

14 dic 2021

Note di rilascio

Added EMA 5 and EMA 15 cross to color the bars in white and gray. It will help to catch early entry points.

14 dic 2021

Note di rilascio

Add Alert on bullish / bearish trend

14 dic 2021

Note di rilascio

Changed the Bollinger band squeeze. Yellow shading area indicating a squeeze in happening.

14 dic 2021

Note di rilascio

Added acqua color to indicate potential bullish trend is starting , green color bullish trend , orange color bullish momentum is slowing down, red color bullish momentum is over .

14 dic 2021

Note di rilascio

Added Intraday Intensity Index to identify squeeze direction. Green diamond possible upside. Red diamond possible downside.

15 dic 2021

Note di rilascio

Add C on top and bottom bar after a squeeze confirmation, but be aware it can be a fake out

15 dic 2021

Note di rilascio

Update editable colors

16 dic 2021

Note di rilascio

Add Rate Of Change to spot momentum change. It will shade the BB in blu when ROC is close to 0 and will print an M when it cross 0 up or down. You can enable it in settings.
Removed arrows up and down as they are redundant to bar colors.