Trend Target Ribbon Pro
Trend Target Ribbon Pro (MT5) - Advanced ALMA Trend & Target Tracker
Trend Target Ribbon is a next-generation MT5 indicator that combines the advanced ALMA (Arnaud Legoux Moving Average) and ATR-based risk management to provide precise market trend visualization and automated Take-Profit (TP) / Stop-Loss (SL) levels.
Most Powerfull Renko Main Chart (Working on Main Chart Not Like an Separate Window Indicator) is Aslo Available: Renko Main Chart Click Here to Download Now
After purchasing any of our products, you will receive lifetime free upgrades and updates from us. You will also receive support via comments.
This indicator is specifically designed for traders who demand clear visual confirmation on their charts. Its dynamic color gradient ribbon and auto-plotted target zones improve trading accuracy and remove emotional decision-making from execution.
🔥 Key Features
-
Dynamic Trend Ribbon: Utilizes ALMA and Standard Deviation (StdDev) to visualize the market trend smoothly and without lag.
-
Auto-Target & Stop Loss System: Upon signal generation, the indicator automatically plots the Stop Loss (SL) and up to 4 Take Profit (T1, T2, T3, T4) levels based on dynamic risk multiples.
-
Target Proximity Visuals: As the price approaches or hits a target, the visual feedback of the target boxes and lines updates instantly, leaving permanent checkmark confirmations for hit targets.
-
Conviction-Based Candle Coloring: Candles are automatically color-coded based on the strength of the trend (e.g., Strong Bullish, Weak Bullish, Neutral, Strong Bearish).
-
Highly Optimized & Non-Repainting: Engineered using C++ style struct arrays to ensure it is completely lag-free. It does not freeze the terminal and is 100% non-repainting.
⚙️ Main Parameters (Inputs)
1. Trend Settings
-
ALMA Length & Sigma: Controls the smoothness and responsiveness of the baseline trend.
-
Trend Confirmation (Dev Mult): Requires price action to break the ALMA deviation bands to confirm a trend, effectively filtering out fake breakouts and market noise.
-
Minimum Slope: Measures the trend's slope strength relative to the ATR to prevent entries in flat or weak markets.
2. Position Settings
-
Stop Structure Lookback: Scans recent swing highs/lows to place a logical, structure-based Stop Loss.
-
Profit Targets (2 to 4): Choose how many Take Profit levels to plot based on your preferred Risk-Reward ratio.
-
Positions On Chart: Keeps your chart clean by only rendering the history of the most recent trades (e.g., the last 4 positions).
3. Display Settings
-
Show Trend Gradient / Labels: Toggles the visibility of position labels, targets, and the main trend ribbon.
-
Custom Colors: Fully customize the colors for Bullish, Bearish, Take Profit, and Stop Loss elements to match your chart template.
📊 How to Use
-
Entry: A valid entry signal occurs when the candle breaks the ALMA deviation band, accompanied by a shift in the ribbon's color (Green for Long, Red/Pink for Short).
-
Stop Loss: The indicator will automatically plot a structure-based Safe Stop Loss (SL -1R) referencing recent swing extremes.
-
Take Profit: As the trade moves in your favor, take partial profits as the price hits the predefined, shaded target zones (T1, T2, T3).
