A lightweight version of the popular "Moving Average Ribbon" or "Guppy" indicators where the visuals are plotted as "waves" rather than moving average lines. As is customary for my indicators, nearly everything about it is user selectable.
Visual Features:
User Customizable Colors
RSI-Based Rainbow Color Scheme
Simple Offset for adjusting transparency
Create...
Guppy using SMAs instead of EMAs.
SMAs commonly act as support/resistance.
Using this along with an EMA guppy gives a good trend analysis along with potential stops/targets.
