Moving Average Ribbon - page 3

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FXSamurai
96
FXSamurai  

Very powerful, indeed. This MA-Ribbon indicator is really a tremendous visual aid.

I have been researching MA crosses for years, and worked out tons of systems. This indicator, after reading chapter 1 from A. Elder's "Sell & Sell Short" (posted in a previous post), just immediately made the "value zone" pop-out in a way that really solved for me a major issue such as how to pick up a trend after a MA crossing.

The default setting of SMA 13 and 26 also really helped, I must say. Although generally I prefer to use EMAs, for a while I have been on the look-out for a good SMA set-up, as I really believe that the more simpel indicators are, the more effective and realiably they can be used.

Using a SMA 13 with 26 (on close) there are many great signals on the crosses, and on retraces into the "value zone".

I also found it useful to use a SMA 52, to add precision and filter out insignificant or bad signals.

Actually, mladen, if you have some more time to "fool around", it would be great if you'd add a MA_Ribbon indicator using 3 MAs, with the slow ribbon (of SMA 26 and 52) showing behind the fast ribbon.

Here is an example of how to pick up trends in the "value zone".

A signal occurs on a low/high when stochastic 8-3-3 D moves below/above 50, and stochastic 16-6-6 K is below/above 61.8/38.2. Entries occur when also stochastic 16-6-6 D is below/above 76.4/23.6. If on the signal SMA 13 points down/up with SMA 26 also pointing down/up or being equal to the previous tick, then there is a good short/long signal. If SMA 13 points up/down, and/or SMA 26 is pointing up/down (not just being equal to the previous tick), then there is a good long/short signal. (Note: although this signal is pretty good, it's NOT 100% bullet-proof just on its own. You'll have to tweak it and use some extra confirmations to make it suit your own way of trading and make it consistent).

Thanks for this indicator, mladen! I think I will keep using it for a very long time

Files:
FXSamurai
96
FXSamurai  
FXSamurai:
Actually, mladen, if you have some more time to "fool around", it would be great if you'd add a MA_Ribbon indicator using 3 MAs, with the slow ribbon (of SMA 26 and 52) showing behind the fast ribbon.

Actually, it's also possible to just throw two MA_Ribbons together.

Here's the previous example with TWO ribbons!

kent18812318
14
kent18812318  
FXSamurai:
Actually, it's also possible to just throw two MA_Ribbons together. Here's the previous example with TWO ribbons!

wow,its very interesting.can u share this tpl?thx.

FXSamurai
96
FXSamurai  

Sure. Here you go.

Mladen Rakic
160268
Mladen Rakic  
kent18812318
14
kent18812318  
FXSamurai:
Sure. Here you go.

Thank u for sharing.

Gramski
417
Gramski  
mladen:
Don't you just love when they tell us about "randomness" and "unpredictability"

Who says it's random? Definitely not 'Brownian motion' anyway...

Brownian Motion deomonstration

aelimian
336
aelimian  
mladen:
Saw this idea (original idea from Jose Silva - Metastock) Colored it up and somewhat changed the logic (simple, simple, simple...:)

Please can you make the MTF of the MA ribbon?

Thank you very much.

MThompson
16
MThompson  

Moving average Ribbon

Hi Traders,

I glanced over the MA ribbons, but didn't see what i was looking for. But it's possible I'm overlooking it.

I used Tradestation's exponential moving average ribbon for some time before switching to Metatrader's forex platform.

Does anyone know if someone has coded the equivalent of Tradestation's exponential moving average ribbon for Metatrader4? Thanks

Sergey Golubev
Moderator
114318
Sergey Golubev  

Look at the first page of the thread.

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