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This indicator is a simple tool to spot a possible trend.

When the ribbon below the price bars, It will turn to Green color and the trend is seen to be bullish

When the ribbon above the price bars, it will turn to Red color and the trend is seen to be bearish.

It can be used a either Entry Signal

Exit Signal or trailing stop, so it is very versatile.

When the ribbon below the price bars, It will turn to Green color and the trend is seen to be bullish

When the ribbon above the price bars, it will turn to Red color and the trend is seen to be bearish.

It can be used a either Entry Signal

Exit Signal or trailing stop, so it is very versatile.

Exit Signal or trailing stop, so it is very versatile.

By default color : Green is UP trend and Red is Down trend

and this work perfect with Bar4Colors.ex5

and this work perfect with Bar4Colors.ex5

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Published

18 December 2020

Updated

22 December 2020

Current Version

1.5

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sad3333 February 15, 2021 2:34 am
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I initial worked with Ribbon in tradingview, liked it, acquired it in mt5 . A significant good turkey for figuring out the path of price motion . I would suggest it

Aleksandr Tamonin February 15, 2021 2:34 am
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The signal can be used by novices as being an extra trend filtration.