Moving Average Ribbon: Free TradingView Indicator (Pine Script)

Add It to Your TradingView Chart

1Copy the scriptPress Copy script above, or the copy button on the code below.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

42 lines of Pine Script v5 from Technical-Indicators/Technical Indicators are Here🤩/Moving-Average-Ribbon.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.

Moving-Average-Ribbon.pine

//@version=5
indicator("Moving Average Ribbon", shorttitle="MA Ribbon", overlay=true, timeframe="", timeframe_gaps=true)

ma(source, length, type) =>
    type == "SMA" ? ta.sma(source, length) :
     type == "EMA" ? ta.ema(source, length) :
     type == "SMMA (RMA)" ? ta.rma(source, length) :
     type == "WMA" ? ta.wma(source, length) :
     type == "VWMA" ? ta.vwma(source, length) :
     na

show_ma1   = input(true   , "MA №1", inline="MA #1")
ma1_type   = input.string("SMA"  , ""     , inline="MA #1", options=["SMA", "EMA", "SMMA (RMA)", "WMA", "VWMA"])
ma1_source = input(close  , ""     , inline="MA #1")
ma1_length = input.int(20     , ""     , inline="MA #1", minval=1)
ma1_color  = input(#f6c309, ""     , inline="MA #1")
ma1 = ma(ma1_source, ma1_length, ma1_type)
plot(show_ma1 ? ma1 : na, color = ma1_color, title="MA №1")

show_ma2   = input(true   , "MA №2", inline="MA #2")
ma2_type   = input.string("SMA"  , ""     , inline="MA #2", options=["SMA", "EMA", "SMMA (RMA)", "WMA", "VWMA"])
ma2_source = input(close  , ""     , inline="MA #2")
ma2_length = input.int(50     , ""     , inline="MA #2", minval=1)
ma2_color  = input(#fb9800, ""     , inline="MA #2")
ma2 = ma(ma2_source, ma2_length, ma2_type)
plot(show_ma2 ? ma2 : na, color = ma2_color, title="MA №2")

show_ma3   = input(true   , "MA №3", inline="MA #3")
ma3_type   = input.string("SMA"  , ""     , inline="MA #3", options=["SMA", "EMA", "SMMA (RMA)", "WMA", "VWMA"])
ma3_source = input(close  , ""     , inline="MA #3")
ma3_length = input.int(100    , ""     , inline="MA #3", minval=1)
ma3_color  = input(#fb6500, ""     , inline="MA #3")
ma3 = ma(ma3_source, ma3_length, ma3_type)
plot(show_ma3 ? ma3 : na, color = ma3_color, title="MA №3")

show_ma4   = input(true   , "MA №4", inline="MA #4")
ma4_type   = input.string("SMA"  , ""     , inline="MA #4", options=["SMA", "EMA", "SMMA (RMA)", "WMA", "VWMA"])
ma4_source = input(close  , ""     , inline="MA #4")
ma4_length = input.int(200    , ""     , inline="MA #4", minval=1)
ma4_color  = input(#f60c0c, ""     , inline="MA #4")
ma4 = ma(ma4_source, ma4_length, ma4_type)
plot(show_ma4 ? ma4 : na, color = ma4_color, title="MA №4")

Overview

Users can independently toggle each line, choose from multiple calculation types including SMA, EMA, SMMA, WMA, and VWMA, and customize the price source, period length, and plot color. It provides a simple overview of short-term to long-term trend alignment across chosen periods.

Four customizable moving averages
Multiple MA types including SMA, EMA, SMMA, WMA, and VWMA
Individual visibility and color settings
Adjustable source and length per line

Details

Published by

TWODS-CAPITAL on GitHub

Type

Indicator, Pine Script v5

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

File

Technical-Indicators/Technical Indicators are Here🤩/Moving-Average-Ribbon.pine

Repository

github.com/TWODS-CAPITAL/Trading-View-Indicators. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
MA №1	`bool`	`true`	`show_ma1`
ma1_type	`string`	`SMA`	`ma1_type`
ma1_source	`source`	`close`	`ma1_source`
ma1_length	`int`	`20`	`ma1_length`
ma1_color	`color`	`#f6c309`	`ma1_color`
MA №2	`bool`	`true`	`show_ma2`
ma2_type	`string`	`SMA`	`ma2_type`
ma2_source	`source`	`close`	`ma2_source`
ma2_length	`int`	`50`	`ma2_length`
ma2_color	`color`	`#fb9800`	`ma2_color`
MA №3	`bool`	`true`	`show_ma3`
ma3_type	`string`	`SMA`	`ma3_type`

Show all 20 settings

Setting	Type	Default	Variable
ma3_source	`source`	`close`	`ma3_source`
ma3_length	`int`	`100`	`ma3_length`
ma3_color	`color`	`#fb6500`	`ma3_color`
MA №4	`bool`	`true`	`show_ma4`
ma4_type	`string`	`SMA`	`ma4_type`
ma4_source	`source`	`close`	`ma4_source`
ma4_length	`int`	`200`	`ma4_length`
ma4_color	`color`	`#f60c0c`	`ma4_color`

Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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