ET Carbon Ribcage
- Utilities
- Version: 3.0
- Activations: 5
ET CARBON RIBCAGE v3.00
A fan of moving averages from four time-frame anchors that shows the rib: the stretch of a market move from its start to its end.
OVERVIEW
Carbon Ribcage draws a fan of averages built from four time-frame anchors and shades the rib band on the price chart while the fan agrees on one side and stays open. A mark is drawn on the first closed candle of a rib whose context scores in the top tier, with the daily ATR, a typical extension taken from past ribs (a reference, not a forecast) and the level at which the reading would no longer hold. A rib-end reading describes how much life the current rib has left.
FEATURES
- Rib band and rib-start marks on the price chart
- Typical extension and invalidation level beside each mark
- Rib-end reading for the current move
- Top-tier filter: show only the strongest ribs, or every rib
- Same scale can be shared with every ET Carbon tool on the chart
WHAT IT DOES NOT DO
- It places no orders, changes no orders and gives no advice. Every trading decision is yours.
- Readings and marks are taken from closed candles and do not move once drawn.
COMMON TO EVERY ET TOOL
- Setup wizard with a single Style choice (Scalping, Day trading, Swing, Position) that sets the scale for you.
- Watchlist of the markets best suited to the tool, a SIZE tab position-size calculator, and a DEFINITIONS tab.
- Notices by terminal alert, push notification and e-mail, using the addresses you set in MetaTrader.
- Interface in English, Spanish, Portuguese, French, German, Italian and Afrikaans, with one-click colour themes.
- Works on any symbol and any account type (hedging or netting).
IMPORTANT INFORMATION
- Market information and software only. This product is not financial advice, not a recommendation and not a trading signal. EmuTrade Technologies is not an authorised financial services provider.
- Trading CFDs on gold, indices and currencies is high risk. You can lose all of the money in your account.
- Past and simulated results do not guarantee future results. No profit or result is promised.
- Test on a demo account before any live use, and keep MetaTrader running and connected.
