UnknownUnicorn508364

MA Ribbon Colored Bars

This script color codes the price bars based on the close-value position relative to a moving average ribbon. Rainbow colors used for simplicity and readability.

Use to study which colors are most likely to produce continuation vs. reversal.

**** MUST use bars, not Japanese candles! ****
Skript med en öppen källkod

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Vill du använda det här skriptet i ett diagram?