Top Ribbon Band
The Top Ribbon Band indicator in Amibroker, utilizing historical and real-time market data, presents multiple moving averages or bands on the chart’s top section. These bands help traders identify trends and potential reversals. Integrating Amibroker Data Feed ensures access to current market dynamics, allowing traders to utilize the Top Ribbon Band effectively for trend analysis.
/_SECTION_BEGIN("MACD");
r1 = Optimize( "Fast avg", 3, 3, 20, 1 );
r2 = Optimize( "Slow avg", 11, 5, 30, 1 );
r3 = Optimize( "Signal avg", 16, 3, 20, 1 );
ml = MACD(r1, r2);
sl = Signal(r1,r2,r3);
Hst = ml-sl;
Color = IIf (Hst > Ref(Hst,-1),colorBlue,colorRed);
//Plot( ml = MACD(3, 11), StrFormat(_SECTION_NAME()+"(%g,%g)", r1, r2), ParamColor("MACD color", colorRed ), ParamStyle("MACD style") );
//Plot( sl = Signal(3,11,16), "Signal" + _PARAM_VALUES(), ParamColor("Signal color", colorBlue ), ParamStyle("Signal style") );
Plot( Hst, "MACD Histogram", color , styleThick );
bbtop = BBandTop( Hst, 9, 1 );
bbbot = BBandBot( Hst, 9,1 );
Plot( BBandTop( Hst, 9, 1 ), "BBTop", colorYellow, styleDashed );
Plot( BBandBot( Hst, 9,1 ), "BBBot", colorYellow, styleDashed );
Buy = Cross (Hst,bbtop);
Sell = Cross (bbtop,Hst);
Short = Cross (bbbot,Hst);
Cover = Cross (Hst,bbbot);
//Sell = Short;
//Cover = Buy ;
PlotShapes (Buy*shapeUpArrow,colorYellow);
PlotShapes (Short*shapeDownArrow,colorYellow);
//PlotShapes (Sell*shapeHollowSmallDownTriangle,colorRed);
//PlotShapes (Cover*shapeHollowSmallUpTriangle,colorGreen);
Plot(6, "ribbon", Color, styleOwnScale| styleArea|styleNoLabel,-0.5,100);
_SECTION_END();