Madrid Ribbon
- Indicatori
- Mohammad Taher Halimi Tabrizi
- Versione: 1.1
- Attivazioni: 5
Category: Trend Indicator
Platform: MetaTrader 5
Type: Level Indicator
Timeframes: All
Trader Styles: Scalping, Day Trading, Swing Trading
Markets: All
Description
The Madrid Ribbon is a moving average–based trend visualization tool. It combines multiple exponential or simple moving averages into a ribbon structure that adapts to market changes. The indicator highlights trend direction, possible reentry zones, and areas where reversals may occur.
Main features:
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Dynamic Trend Display – Multiple moving averages form a ribbon that reflects the current trend.
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Color Coding –
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Lime: Uptrend
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Green: Pullback or possible reversal warning
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Red: Downtrend
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Maroon: Peak or possible reversal warning
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Configurable Settings – Users can choose between exponential or simple moving averages.
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Clear Visualization – Designed for uncluttered display, with best results on dark chart backgrounds.
How it works:
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Several moving averages are layered to form a ribbon.
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Ribbon color changes according to the prevailing momentum.
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Pullback and potential reversal zones are highlighted to provide additional context for decision-making.
Possible applications:
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Identifying the prevailing market trend.
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Highlighting possible reentry points during pullbacks.
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Spotting areas where reversals may develop.
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Supporting trend-following strategies across Forex, cryptocurrencies, stocks, and indices.
