Trend ribbon
Accurately shows the beginning and end of local trends, eliminating market noise and false signals👇
Short video lesson 11 minutes: ➡️Watch on YouTube ➡️Watch on VK
Designation of the trend ribbon on the chart
The trend ribbon shows local trend, excellently smooths market fluctuations and false price moves to highlight only significant cycles.
It works very simply, it can be either green or red:
Green ribbon — ascending local trend
Red ribbon — descending local trend
The ribbon changes color at key reversal points, giving a signal of a possible trend change
You can set up an automatic alert on the ribbon reversal and receive a notification in TradingView or Telegram, fully automating your analysis!
Applying the trend ribbon in trading
The trend ribbon helps accurately determine the start and end of a trend and choose the best entry and profit-taking point:
Helps instantly see the short-term trend and price direction without the need for analysis, while eliminating minor market noise that can be misleading
For buying - the trend is upward, the ribbon is at the bottom, the moment of color change from red to green - optimal time to build a position
For selling - the trend is downward, the ribbon is at the top, the moment of color change from green to to red - optimal time to close a position
In a sideways market the trend ribbon works great in both directions - wait until it is at an extreme and the color starts to change
First of all, try the simplest trading strategy based on the trend ribbon from the indicator developer
In the example we see how during a bullish trend the ribbon returned to green color - this is the best moment to enter a trade to continue the rise.
In the example we see how during a bearish trend the ribbon returned to red color - this is the best moment to enter a trade to continue the decline.
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