Madrid MA Ribbon Bar v2 — Indicator by Madrid

This script is the second version of the Moving average Ribbon Bar, a companion study of the MA Ribbon. In this version the display is changed, instead of lines, it display the results in stacked bars, making it more user friendly and allowing it to be expanded or contracted without loosing visual continuity.

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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//
// Madrid : 26/Feb/2015 21:41: Moving Average Ribbon Bar: 2.0
// MMARB
// http://madridjourneyonws.blogspot.com/
//
// This is based on the Madrid Moving Average Ribbon study, 
// it displays the output in a bar format to better identify
// entry points, up/down trends and reversals
//


study(title="Madrid MA Ribbon Bar v2", shorttitle="MMARB", precision=0)

exponential = input(true, title="Exponential MA")

src = close

ma05 = exponential ? ema(src, 05) : sma(src, 05)
ma10 = exponential ? ema(src, 10) : sma(src, 10)
ma15 = exponential ? ema(src, 15) : sma(src, 15)
ma20 = exponential ? ema(src, 20) : sma(src, 20)
ma25 = exponential ? ema(src, 25) : sma(src, 25)
ma30 = exponential ? ema(src, 30) : sma(src, 30)
ma35 = exponential ? ema(src, 35) : sma(src, 35)
ma40 = exponential ? ema(src, 40) : sma(src, 40)
ma45 = exponential ? ema(src, 45) : sma(src, 45)
ma50 = exponential ? ema(src, 50) : sma(src, 50)
ma55 = exponential ? ema(src, 55) : sma(src, 55)
ma60 = exponential ? ema(src, 60) : sma(src, 60)
ma65 = exponential ? ema(src, 65) : sma(src, 65)
ma70 = exponential ? ema(src, 70) : sma(src, 70)
ma75 = exponential ? ema(src, 75) : sma(src, 75)
ma80 = exponential ? ema(src, 80) : sma(src, 80)
ma85 = exponential ? ema(src, 85) : sma(src, 85)
ma90 = exponential ? ema(src, 90) : sma(src, 90)
ma95 = exponential ? ema(src, 95) : sma(src, 95)
ma100 = exponential ? ema(src, 100) : sma(src, 100)

leadMAColor = change(ma05)>=0 and ma05>ma100 ? lime
            : change(ma05)<0  and ma05>ma100 ? maroon
            : change(ma05)<=0 and ma05<ma100 ? red
            : change(ma05)>=0 and ma05<ma100 ? green
            : gray
maColor(ma, maRef) => 
              change(ma)>=0 and ma05>maRef ? lime
            : change(ma)<0  and ma05>maRef ? maroon
            : change(ma)<=0 and ma05<maRef ? red
            : change(ma)>=0 and ma05<maRef ? green
            : gray


plot( 05, color=leadMAColor, style=columns, title="MMA05", linewidth=2, histbase=00)
plot( 10, color=maColor(ma10,ma100), style=columns, title="MMA10", linewidth=2, histbase=05)
plot( 15, color=maColor(ma15,ma100), style=columns, title="MMA15", linewidth=2, histbase=10)
plot( 20, color=maColor(ma20,ma100), style=columns, title="MMA20", linewidth=2, histbase=15)
plot( 25, color=maColor(ma25,ma100), style=columns, title="MMA25", linewidth=2, histbase=20)
plot( 30, color=maColor(ma30,ma100), style=columns, title="MMA30", linewidth=2, histbase=25)
plot( 35, color=maColor(ma35,ma100), style=columns, title="MMA35", linewidth=2, histbase=30)
plot( 40, color=maColor(ma40,ma100), style=columns, title="MMA40", linewidth=2, histbase=35)
plot( 45, color=maColor(ma45,ma100), style=columns, title="MMA45", linewidth=2, histbase=40)
plot( 50, color=maColor(ma50,ma100), style=columns, title="MMA50", linewidth=2, histbase=45)
plot( 55, color=maColor(ma55,ma100), style=columns, title="MMA55", linewidth=2, histbase=50)
plot( 60, color=maColor(ma60,ma100), style=columns, title="MMA60", linewidth=2, histbase=55)
plot( 65, color=maColor(ma65,ma100), style=columns, title="MMA65", linewidth=2, histbase=60)
plot( 70, color=maColor(ma70,ma100), style=columns, title="MMA70", linewidth=2, histbase=65)
plot( 75, color=maColor(ma75,ma100), style=columns, title="MMA75", linewidth=2, histbase=70)
plot( 80, color=maColor(ma80,ma100), style=columns, title="MMA80", linewidth=2, histbase=75)
plot( 85, color=maColor(ma85,ma100), style=columns, title="MMA85", linewidth=2, histbase=80)
plot( 90, color=maColor(ma90,ma100), style=columns, title="MMA90", linewidth=2, histbase=85)
plot( 95, color=maColor(ma90,ma100), style=columns, title="MMA95", linewidth=2, histbase=90)
plot( 100, color=maColor(ma90,ma100), style=columns, title="MMA100", linewidth=2, histbase=95)