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Dual EMA Trend Ribbon (Multi-Timeframe Trend Confirmation)
Dual EMA Trend Ribbon (Multi-Timeframe Trend Confirmation)
This Pine Script indicator creates a visually clear representation of trend direction using two overlaid Exponential Moving Average (EMA) Ribbons, which allows traders to assess both short-term and medium-term momentum at a glance.
How It Works:
The indicator plots two separate EMA ribbons, each calculated using a distinct set of periods, simulating a multi-timeframe approach on a single chart:
Inner (Fast) Ribbon (Defaults 10/30): Represents the fast-moving, short-term trend.
Green: Fast EMA 1 > Slow EMA 1 (Short-term Bullish)
Red: Fast EMA 1 < Slow EMA 1 (Short-term Bearish)
Outer (Slow) Ribbon (Defaults 40/50): Represents the slower, medium-term trend.
Darker Green/Red: Indicates the overall, underlying market bias.
How to Use:
Strong Trend Confirmation: A strong signal occurs when both ribbons are aligned (e.g., both are Green). This suggests that short-term momentum aligns with the medium-term bias.
Trend Weakness/Reversal: Pay attention when the two ribbons cross or when the fast ribbon changes color against the slow ribbon's color (e.g., fast ribbon turns Red while the slow ribbon remains Green). This often signals a temporary pullback or potential reversal of the underlying trend.
Settings: Users can easily adjust the four input periods (Fast EMA 1, Slow EMA 1, Fast EMA 2, Slow EMA 2) to customize the sensitivity to any trading style or asset.
This Pine Script indicator creates a visually clear representation of trend direction using two overlaid Exponential Moving Average (EMA) Ribbons, which allows traders to assess both short-term and medium-term momentum at a glance.
How It Works:
The indicator plots two separate EMA ribbons, each calculated using a distinct set of periods, simulating a multi-timeframe approach on a single chart:
Inner (Fast) Ribbon (Defaults 10/30): Represents the fast-moving, short-term trend.
Green: Fast EMA 1 > Slow EMA 1 (Short-term Bullish)
Red: Fast EMA 1 < Slow EMA 1 (Short-term Bearish)
Outer (Slow) Ribbon (Defaults 40/50): Represents the slower, medium-term trend.
Darker Green/Red: Indicates the overall, underlying market bias.
How to Use:
Strong Trend Confirmation: A strong signal occurs when both ribbons are aligned (e.g., both are Green). This suggests that short-term momentum aligns with the medium-term bias.
Trend Weakness/Reversal: Pay attention when the two ribbons cross or when the fast ribbon changes color against the slow ribbon's color (e.g., fast ribbon turns Red while the slow ribbon remains Green). This often signals a temporary pullback or potential reversal of the underlying trend.
Settings: Users can easily adjust the four input periods (Fast EMA 1, Slow EMA 1, Fast EMA 2, Slow EMA 2) to customize the sensitivity to any trading style or asset.
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
Free telegram channel t.me/alexmasterforex
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
Free telegram channel t.me/alexmasterforex
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。