Description
The Ribbon Study consists of 8 Simple Moving Average plots having different lengths thus forming a "ribbon". The lenghts of those averages are in an arithmetic progression relation: the increment of the progression is defined by the initial and the final Moving Average lengths.
Input Parameters
| Parameter | Description |
|---|---|
price
|
The price used to calculate the Ribbon Study. |
starting ma
|
The number of bars used to calculate the first moving average. |
ending ma
|
The number of bars used to calculate the last moving average. |
Plots
| Plot | Description |
|---|---|
RS1
|
The 1st moving average. |
RS2
|
The 2nd moving average. |
RS3
|
The 3rd moving average. |
RS4
|
The 4th moving average. |
RS5
|
The 5th moving average. |
RS6
|
The 6th moving average. |
RS7
|
The 7th moving average. |
RS8
|
The 8th moving average. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.
Past performance is no guarantee of future performance.