Conversion of Madrid Moving Average Ribbon from TradingView

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  • #111175 quote
    denmardenmar
    Participant
    Veteran

    This plots a moving average ribbon, either exponential or standard. It provides an easy and fast way to determine the trend direction and possible reversals.
    Lime : Uptrend. Long trading
    Maroon : Reentry (buy the dip) or downtrend reversal warning
    Red : Downtrend. Short trading
    Green : Short Reentry (sell the peak) or uptrend reversal warning

    To best determine if this is a reentry point or a trend reversal the MMARB (Madrid Moving Average Ribbon Bar) study is used. This is the bar located at the bottom. This bar signals when a current trend reentry is found (partially filled with opposite dark color) or when a trend reversal is ahead (completely filled with opposite dark color).

    This study requires no parameters, and it can be used on any time frame.

    [ I am particularly interested in the Bar implementation at the bottom of the screen]

    Many thanks for your kind consideration.

    //
    // Madrid : 17/OCT/2014 22:51M: Moving Average Ribbon : 2.0 : MMAR
    // http://madridjourneyonws.blogspot.com/
    //
    // This plots a moving average ribbon, either exponential or standard.
    // This study is best viewed with a dark background.  It provides an easy
    // and fast way to determine the trend direction and possible reversals.
    //
    // Lime : Uptrend. Long trading
    // Green : Reentry (buy the dip) or downtrend reversal warning
    // Red : Downtrend. Short trading
    // Maroon : Short Reentry (sell the peak) or uptrend reversal warning
    // 
    // To best determine if this is a reentry point or a trend reversal
    // the MMARB (Madrid Moving Average Ribbon Bar) study is used. 
    // This is the bar located at the bottom.  This bar signals when a
    // current trend reentry is found (partially filled with opposite dark color)
    // or when a trend reversal is ahead (completely filled with opposite dark color).
    //
    
    study(title="Madrid Moving Average Ribbon", shorttitle="MMAR", overlay=true)
    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)
    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( ma05, color=leadMAColor, style=line, title="MMA05", linewidth=3)
    plot( ma10, color=maColor(ma10,ma100), style=line, title="MMA10", linewidth=1)
    plot( ma15, color=maColor(ma15,ma100), style=line, title="MMA15", linewidth=1)
    plot( ma20, color=maColor(ma20,ma100), style=line, title="MMA20", linewidth=1)
    plot( ma25, color=maColor(ma25,ma100), style=line, title="MMA25", linewidth=1)
    plot( ma30, color=maColor(ma30,ma100), style=line, title="MMA30", linewidth=1)
    plot( ma35, color=maColor(ma35,ma100), style=line, title="MMA35", linewidth=1)
    plot( ma40, color=maColor(ma40,ma100), style=line, title="MMA40", linewidth=1)
    plot( ma45, color=maColor(ma45,ma100), style=line, title="MMA45", linewidth=1)
    plot( ma50, color=maColor(ma50,ma100), style=line, title="MMA50", linewidth=1)
    plot( ma55, color=maColor(ma55,ma100), style=line, title="MMA55", linewidth=1)
    plot( ma60, color=maColor(ma60,ma100), style=line, title="MMA60", linewidth=1)
    plot( ma65, color=maColor(ma65,ma100), style=line, title="MMA65", linewidth=1)
    plot( ma70, color=maColor(ma70,ma100), style=line, title="MMA70", linewidth=1)
    plot( ma75, color=maColor(ma75,ma100), style=line, title="MMA75", linewidth=1)
    plot( ma80, color=maColor(ma80,ma100), style=line, title="MMA80", linewidth=1)
    plot( ma85, color=maColor(ma85,ma100), style=line, title="MMA85", linewidth=1)
    plot( ma90, color=maColor(ma90,ma100), style=line, title="MMA90", linewidth=3)
    mmar.png mmar.png
    #111183 quote
    NicolasNicolas
    Keymaster
    Legend

    The Madrid moving average ribbon was coded some weeks ago, you can find it here: https://www.prorealcode.com/topic/advanced-gmma-indicator/#post-110207

    While I have some ideas on how the MMARB is made, do you have the code for it? Would help me a lot!

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Conversion of Madrid Moving Average Ribbon from TradingView


ProBuilder: Indicators & Custom Tools

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denmar @denmar Participant
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This topic contains 1 reply,
has 2 voices, and was last updated by NicolasNicolas
6 years, 11 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 10/25/2019
Status: Active
Attachments: 1 files
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