TEMA/hullMA Ribbon with Bollinger Bands — Indicator by NeoButane

bollingerbands hullma rma tema overlay overlays ribbon

Designed for shorted time frames.

Bollinger bands based off of TEMA as source.
Ribbon based off TEMA and hullMA divergence.
RMA used to signal Bollinger bands.

Ribbon:
pinch -> reversal
blue -> sign of possible uptrend
red -> sign of possible downtrend

Bollinger bands background:
blue -> sign of continuing uptrend
red -> sign of continuing downtrend

Release Notes:

Updated BB code, ribbon remains unchanged

My published indicators: www.tradingview.com/u/NeoButane/

Sorry if I haven't replied to your message yet, I'm a bit backlogged :)

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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