Noro's Trend Ribbon Strategy
One moving average ( SMA ) is used. The channel is convened at a moving average rather than prices. Blue is a uptrend. Red is a downtrend.
If the candle has closed above the ribbon - open long (and close short)
If the candle has closed below the ribbon - open short (and close long)
If the candle has closed above the ribbon - open long (and close short)
If the candle has closed below the ribbon - open short (and close long)
Versionsinformation:
+ ohlc4
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+ Signal Source
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+ MA Type (sma, ema, vwma)
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+ MA Type (rma)
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+ checkbox (long, short, etc)
