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Slim RibbonThe Slim Ribbon was developed by Steve Miller. Steve Miller is a 46-year veteran stock, futures and options trader. His badge on the trading floor was his initials, “SLM” and has since gone by the nickname Slim.
The Slim Ribbon is a momentum indicator . It is composed of 3 exponential moving averages (8, 13 and 21). A bullish condition occurs when the 8 period MA is above the 13 period MA and the 13 period MA is above the 21 period MA. A bearish condition occurs when the 8 period MA is below the 13 period MA and the 13 period MA is below the 21 period MA. A neutral condition occurs when the Ribbons are not in alignment.
The Slim Ribbon also notifies you when we transition from one condition to another. A green up arrow indicates that the Slim Ribbon has shifted from a neutral condition to a bullish condition. A red down arrow indicates that the Slim Ribbon has shifted from a neutral condition to a bearish condition. A blue up arrow indicates that we have shifted from a bearish condition to a neutral condition. Lastly, a blue down arrow indicates that we have shifted from a bullish condition to a neutral condition.
We would recommend using the Slim Ribbon on a candlestick chart. Steve Miller believes in the importance of visualizing trends. As a result, we have designed the Slim Ribbon to change the color of the candlesticks based on the condition of the ribbon. When the Slim Ribbon has a bullish condition, the candlesticks will turn green. When the Slim Ribbon has a bearish condition, the candlesticks will turn red. When the Slim Ribbon has a neutral condition, the candlesticks will turn gray.
This indicator is designed to be paired with the Slim Ribbon Volume Bars indicator, which is also available for free in TradingView.
Buy Sell Signal & IchimokuThe script totally based on technical analysis. Indication of "Buy" will appear once the conditions are matched. Please don't follow "Buy" indication if it appear at top of chart.
Yellow candle is a pre-alert for any momentum coming together with increasing of price.
Yellow circle at volume bar is to show that the momentum was there.
Orange line is support & resistance.
BB & TillsonT3 & MultiWMAbollinger band, tillsonT3 and When you want to open multiple WMA. Coloured Volume Bar as bonus
UltraTrendsFuschia is pivot down, yellow is pivot up, up is confirmed up, down is confirmed down, green is uptrend, red is downtrend, gray is no trend.
I recommend pairing this with:
