Trend Ribbon

• 12/21/2024 at 6:27 PM #241664
  patch

  Good day guys, new to coding and attempted to create a ribbon trend bar.

  What I am struggling is that there seem to be an overlap between the short and long with the indecision condition. Causing the bar of the indecision to be halved in appearance.

  Appreciate anyhelp I can get

  Thanks

  Trend

  // Trend_Bar // // Weighted Moving Average (WMA) SETTINGS timeframe(1 day) WMA50 = WeightedAverage[50](close) WMA150 = WeightedAverage[150](close) // CONDITIONS LONG = Close > WMA150 AND Close >WMA50 SHORT = Close < WMA150 AND Close < WMA50 INDECISION = close > WMA50 AND close < WMA150 OR close < WMA50 AND close > WMA150 // EMA BAND COLORS If LONG Then r = 0 g = 255 b = 0 Elsif SHORT THEN r = 255 g = 0 b = 0 ELSIF INDECISION THEN r = 168 g = 168 b = 168 EndIf // RETURN VALUES FOR VISUALIZATION RETURN r AS "Short", g AS "Long", b AS "Indecision"

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

  // Trend_Bar //   // Weighted Moving Average (WMA) SETTINGS timeframe(1 day) WMA50 = WeightedAverage[50](close) WMA150 = WeightedAverage[150](close)   // CONDITIONS LONG = Close > WMA150  AND Close >WMA50 SHORT = Close < WMA150 AND Close < WMA50 INDECISION = close > WMA50 AND close < WMA150 OR close < WMA50 AND close > WMA150   // EMA BAND COLORS If LONG Then r = 0 g = 255 b = 0 Elsif SHORT THEN r = 255 g = 0 b = 0 ELSIF INDECISION THEN r = 168 g = 168 b = 168 EndIf   // RETURN VALUES FOR VISUALIZATION RETURN r AS "Short", g AS "Long", b AS "Indecision"

   

  

  patch

  Participant

  Topics: 2

  Replies: 3

  Been thanked: 1 time
  12/21/2024 at 6:58 PM #241666
  JS

  Hi,

  Do you mean something like this…?

  Trend Ribbon

  // Trend_Bar // // Weighted Moving Average (WMA) SETTINGS timeframe(1 day) WMA50 = WeightedAverage[50](close) WMA150 = WeightedAverage[150](close) // CONDITIONS LONG = Close > WMA150 AND Close >WMA50 SHORT = Close < WMA150 AND Close < WMA50 INDECISION = close > WMA50 AND close < WMA150 OR close < WMA50 AND close > WMA150 // EMA BAND COLORS If LONG Then xLong=1 else xLong=0 EndIf if SHORT THEN xShort=1 else xShort=0 EndIf IF INDECISION THEN xIndecision=1 else xIndecision=0 EndIf //// EMA BAND COLORS //If LONG Then //r = 0 //g = 255 //b = 0 //Elsif SHORT THEN //r = 255 //g = 0 //b = 0 //ELSIF INDECISION THEN //r = 168 //g = 168 //b = 168 //EndIf // RETURN VALUES FOR VISUALIZATION RETURN xLong coloured("Green")Style(Histogram),xShort coloured("Red")Style(Histogram),xIndecision coloured("White")Style(Histogram)

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49

  // Trend_Bar //   // Weighted Moving Average (WMA) SETTINGS timeframe(1 day) WMA50 = WeightedAverage[50](close) WMA150 = WeightedAverage[150](close)   // CONDITIONS LONG = Close > WMA150  AND Close >WMA50 SHORT = Close < WMA150 AND Close < WMA50 INDECISION = close > WMA50 AND close < WMA150 OR close < WMA50 AND close > WMA150   // EMA BAND COLORS If LONG Then xLong=1 else xLong=0 EndIf   if SHORT THEN xShort=1 else xShort=0 EndIf   IF INDECISION THEN xIndecision=1 else xIndecision=0 EndIf   //// EMA BAND COLORS //If LONG Then //r = 0 //g = 255 //b = 0 //Elsif SHORT THEN //r = 255 //g = 0 //b = 0 //ELSIF INDECISION THEN //r = 168 //g = 168 //b = 168 //EndIf   // RETURN VALUES FOR VISUALIZATION RETURN xLong coloured("Green")Style(Histogram),xShort coloured("Red")Style(Histogram),xIndecision coloured("White")Style(Histogram)

  2 users thanked author for this post.

  Iván, patch

  

  JS

  Participant

  Topics: 27

  Replies: 1802

  Been thanked: 870 times
  12/21/2024 at 7:00 PM #241668
  patch

  Ok worked out my issue.

  I do however have another problem with my code.

  What I’m attempting to do is view the daily trend over the four hour chart. Am I using the MTF properly as it appear blank on some four hour charts.

  

  patch

  Participant

  Topics: 2

  Replies: 3

  Been thanked: 1 time
  12/21/2024 at 7:03 PM #241669
  patch

  Hi JS

  Yes exactly like that. Thanks!

  1 user thanked author for this post.

  JS

  

  patch

  Participant

  Topics: 2

  Replies: 3

  Been thanked: 1 time
• Author
  Posts