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You liked the script? Try it in the MetaTrader 5 terminal
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- 6562
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- Published:
- 2018.11.27 15:02
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Theory :
This "ribbon" indicator is using an EMA variation indicator that was originally published (with some more explanation) here : EMA variation
This version :
It is using the "speed" property of the ema variation indicator to construct a ribbon. That makes a sort of two indicators crosses, even without changing the calculating period.
Usage :
As any crosses indicator. Interesting results can be achieved when you use very close "speed" changes (like in the example bellow)
![EMA variation](https://c.mql5.com/i/code/indicator.png)
Exponential moving average variation
![Trade signal based on simple Bollinger bands](https://c.mql5.com/i/code/library.png)
This is the trading signal of Bollinger Bands. The expert code for this strategy is automatically generated by the MQL 5 wizard.
![Deviation scaled MA levels](https://c.mql5.com/i/code/indicator.png)
Deviation scaled MA with self adjusting levels
![PdfMA MACD](https://c.mql5.com/i/code/indicator.png)
Probability density function based MA MACD