Trend ribbon
Accurately shows the current wave without market noise or false signals👇
Short video lesson, 11 minutes: ➡️Watch on YouTube ➡️Watch on VK
Identification of the trend ribbon on the chart
The trend ribbon shows price waves, smoothing out market fluctuations and false price moves very well so that only significant reversals stand out.
It works very simply: it can be either green or red:
Green ribbon — upward wave
Red ribbon — downward wave
The ribbon changes color at key points, signaling a possible price reversal
You can set up an automatic alert for a trend ribbon reversal and receive a notification in TradingView or Telegram, fully automating your analysis!
Using the trend ribbon in trading
The trend ribbon helps accurately determine the start and end of the current wave and choose the best entry point and profit-taking point:
It helps you instantly see the short-term trend and price direction without needing analysis, while removing minor market noise that can be misleading
For buying - the trend is upward, the ribbon is in the lower part, the moment of color change from red to green - the optimal time to enter a position
For selling - the trend is downward, the ribbon is in the upper part, the moment of color change from green to red - the optimal time to close a position
In a sideways market, the trend ribbon works great both ways - wait until it reaches an extreme and the color starts to change
First, try the simplest trading strategy based on the trend ribbon from the indicator developer
In the example, we can see how during a bullish trend the ribbon returned to green - this is the best moment to enter a trade in continuation of the rise.
In the example, we can see how during a bearish trend the ribbon returned to red - this is the best moment to enter a trade in continuation of the decline.
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