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You liked the script? Try it in the MetaTrader 5 terminal
- Views:
- 9617
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- Published:
- 2018.12.07 12:27
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Theory :
This "ribbon" indicator is using an Hull moving average variation indicator that was originally published (with some more explanation) here : Hull Variation
This version :
It is using the "speed" property of the Hull 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.

Trend trigger factor - with an addition of discontinued signal line(s)

The indicator determines the direction of the bar based not only on the Open/Close prices. Gaps and gaps in quotes are also determined.