NeoButane

TEMA/hullMA Ribbon with Bollinger Bands

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
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This is an elegant tool. Is the BB background colour meant to be changing as well, I couldn't see it in the style settings.
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Thanks for sharing!!! Great work!!!!!!
+1 Reply
NeoButane sudhir.mehta
You're welcome! Anything you like in particular or think needs changing?
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