OPEN-SOURCE SCRIPT
EMA Ribbon Squeeze [Luca Massuda]
Aggiornato
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.
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.
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.Note di rilascio
Add Alert on bullish / bearish trendNote di rilascio
Changed the Bollinger band squeeze. Yellow shading area indicating a squeeze in happening.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 . Note di rilascio
Added Intraday Intensity Index to identify squeeze direction. Green diamond possible upside. Red diamond possible downside.Note di rilascio
Add C on top and bottom bar after a squeeze confirmation, but be aware it can be a fake outNote di rilascio
Update editable colorsNote 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.
Script open-source
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