OPEN-SOURCE SCRIPT
已更新 Madrid MA Ribbon Bar
This is the MMAR companion study. This along with the MMAR study help visualize in a concise way the trend direction, patterns, trend strength, entry points and reversals.
Trading with MMAR: Look for the size of the bar, when it is partially filled with a color starting from bottom to top it means there is a reentry point, but if it fills 50% or more then there is a strong possibility that this will turn into a trend reversal. You may want to wait for confirmation. Normally after two or three solid bars you can have an idea of where the trend goes.
The standard colors are
1. Red : Downtrend
2. Maroon : Short reentry or uptrend warning
3. Lime : Uptrend
4. Green : Long reentry or downtrend warning
This indicator is based on the MMAR, so the only parameter it needs is the kind of MA you want to use, if you're using a regular standard moving average or an exponential moving average (this reduces lagging). Normally I use the exponential MA, which is the default value. It is simple, it only has four output values, it can be easily interpreted and practically no input parameters to tune. This doesn't require too much space on the screen
I suggest you to shrink the bar so it gives the visual effect of a solid bar and put it at the bottom of the screen.
Trading with MMAR: Look for the size of the bar, when it is partially filled with a color starting from bottom to top it means there is a reentry point, but if it fills 50% or more then there is a strong possibility that this will turn into a trend reversal. You may want to wait for confirmation. Normally after two or three solid bars you can have an idea of where the trend goes.
The standard colors are
1. Red : Downtrend
2. Maroon : Short reentry or uptrend warning
3. Lime : Uptrend
4. Green : Long reentry or downtrend warning
This indicator is based on the MMAR, so the only parameter it needs is the kind of MA you want to use, if you're using a regular standard moving average or an exponential moving average (this reduces lagging). Normally I use the exponential MA, which is the default value. It is simple, it only has four output values, it can be easily interpreted and practically no input parameters to tune. This doesn't require too much space on the screen
I suggest you to shrink the bar so it gives the visual effect of a solid bar and put it at the bottom of the screen.
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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。
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。