Moving Average Ribbon: Visualizing Trend Strength
The Ribbon uses a series of multiple moving averages of different lengths to create a visual “ribbon” on the chart.
🚀 Why it works: When the ribbon expands, the trend is strong and healthy. When it twists or collapses, it signals a potential reversal or consolidation. 🛡️ Trading Note: When price pulls back into an expanding ribbon and bounces, it often provides a high-probability “buy the dip” opportunity.
Link: MA Ribbon by TradingView