Ribbon Pilot MT5

Ribbon Pilot — Trend Ribbon with Trade Zones, Signal History and Watchlist

What it is for Ribbon Pilot is a MetaTrader 5 chart indicator that shows the trend direction at a glance, marks entry signals with arrows and draws a ready trade plan at once: entry, stop and up to four profit targets. It also keeps statistics on recent signals and lets you scan other instruments without leaving the chart.

How it works

• A ribbon of eight smooth lines follows the price. Teal means uptrend, orange means downtrend. The shading between the lines makes direction and strength easy to read. A dotted golden baseline gives long-term context (visual reference only, not used for signals).
• When the ribbon turns, a ▲ (buy) or ▼ (sell) arrow appears after the bar closes. Signals are never repainted or removed.
• Every signal immediately draws a trade zone: an Entry line, a Stop line and targets T1–T4, expressed as multiples (R) of the stop distance. The zone stays until the stop is hit or all targets are reached.
• Past signals of the last N days are marked on the chart with the targets reached (T1…T4), SL and the final WIN / LOSS result. These feed the statistics in the Pulse block.

How to use

1. Attach the indicator to a chart of any instrument and timeframe.
2. Wait for an arrow on a closed bar and use the zone levels: entry, stop and targets.
3. Check the trend strip in the Pulse block to see whether higher timeframes agree.
4. Use the Watchlist to look through other instruments and find fresh signals.
5. Turn on alerts so you do not have to watch the chart all the time.
6. Adjust periods, stop and targets to your instrument and trading style.

What the panel data means

WATCHLIST — tiles of instruments on the current timeframe

• ▲ on a dark teal tile — bullish ribbon; ▼ on a dark red tile — bearish ribbon.
• ▲▲ on a bright teal tile — the ribbon has just turned up (fresh buy signal); ▼▼ on a bright red tile — fresh sell signal.
• "?" — no data yet (the symbol is missing at your broker or its history is still loading).
• Clicking a tile changes the current trading instrument: the chart switches to the selected symbol on the same timeframe. You can choose to open it in a new window instead. The indicator stays on the chart and block positions are kept.

PULSE — combined block

• The top row of chips M5 / M15 / M30 / NOW shows the ribbon direction on the three chosen timeframes and on the current one: ▲ up, ▼ down.
• Bias — overall lean of the three strip timeframes: BULL or BEAR.
• ATR — current volatility in price units.
• LAST 7d | RR 1:1.5 | BE 40.0% — statistics window in days, risk/reward of the first target, and the win rate needed to break even at that ratio.
• Signals — number of signals in the window.
• Win rate — share of finished signals that reached at least the first target before being stopped. Green means above the break-even level (BE).
• Won / Lost — number of winning / losing signals.
• Edge — average expected result per signal in risk units (R) based on the window; green means positive.
• T1–T4 — share of all signals that reached each target.
• Stopped and Stop rate — number and share of signals stopped out before reaching any target.
• Each block can be dragged by its header and collapsed with the "-" / "+" button. The position is remembered.

Settings

• MQL5.com account — link to the author's profile, no need to change it.
• Ribbon: Show Ribbon Lines, Show Ribbon Shading — turn lines and shading on or off; Ribbon Line 1–8 Period — periods of the eight lines (defaults 5, 11, 15, 18, 21, 24, 28, 34): they set how fast the ribbon reacts and how often signals appear; Baseline Period — period of the golden baseline (visual reference only).
• Trade Levels: Profit Targets (1-4) — how many targets are drawn and tracked; Stop Distance (x ATR) — stop distance in multiples of ATR (default 2.0); Target Step (R multiple per target) — target step: T1 = this value × stop distance (1.5), T2 = ×2, T3 = ×3, T4 = ×4; ATR Period — ATR period (14); Draw Trade Zones — show lines, labels and colored zones.
• Signal History: Show Past Signal Markers, Show Past Target / Stop Tags, Show WIN / LOSS Tags — what to display for past signals; Marker Offset (bars) — how far left of the signal bar the tags are placed; Tag Spacing (x ATR) — spacing between stacked tags; History Window (days) — how many days are shown and counted in statistics (7).
• Pulse Block: Show Trend Strip, Show Performance Stats — which parts to show; Pulse Block Position — chart corner; Strip Timeframe 1 / 2 / 3 — timeframes of the trend strip (M5, M15, M30); Block Border Color — border color of the blocks.
• Watchlist: Show Watchlist, Watchlist Position, Watchlist Size (1-9) — number of tiles; Watchlist Click Action — Switch This Chart (change the instrument on the current chart) or Open New Chart (open in a new window); Watchlist Symbol 1–9 — instrument names, which must match your broker's names (including suffixes).
• Colors: Entry Line Color, Target Color, Stop Color, Target Zone Color, Stop Zone Color.
• Alerts: Alert: Popup, Alert: Sound, Alert: Push Notification, Alert: Email. The alert text contains symbol, timeframe, direction, entry, stop and T1.

For Expert Advisors (iCustom) Buffer numbers: 21 — Buy arrow, 22 — Sell arrow, 23 — Signal (1 buy, −1 sell, 0 none), 24 — Entry, 25 — SL, 26–29 — TP1–TP4, 30 — Trade State (1 / −1 while a trade is active, otherwise 0). Read the signal on the bar with shift 1.