This indicator analyzes short-term price action on index futures and options charts by applying Rational Quadratic kernel smoothing to detect sideways consolidation ranges and potential breakouts. It processes pivot highs and lows over customizable loopback pe
Indicator · Pine Script v5 · On the chart
Saty Pivot Ribbon
Saty Pivot Ribbon plots a three-EMA ribbon on the price chart to show trend direction and dynamic support or resistance.
Repaints
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code124
Settings26inputs
LicenceNone stated
Last update2 years ago24 Mar 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 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
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Fast, pivot, and slow exponential moving averages form two colored clouds that switch between bullish and bearish colors. Optional conviction arrows, extra conviction EMAs, line highlights, and candle coloring based on a bias EMA can be toggled. Lengths, colors, and cloud transparency are adjustable. A Time Warp input pulls those averages from another timeframe through request.security with lookahead, so displayed values can use future data.
- Three EMA trend ribbon
- Bullish and bearish EMA clouds
- Conviction arrows and EMAs
- Optional candle bias coloring
- Time Warp multi-timeframe source
Details
Published by
mikah13 on GitHub
Code credit
Saty Mahajan, as written in the script's header
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Trend, Moving averages, Support & resistance
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
- Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Time Warp | string | off | time_warp |
| Fast EMA Length | int | 8 | fast_ema |
| Pivot EMA Length | int | 21 | pivot_ema |
| Slow EMA Length | int | 34 | slow_ema |
| Bullish Fast Cloud Color | color | color.green | bullish_fast_cloud_color |
| Bearish Fast Cloud Color | color | color.red | bearish_fast_cloud_color |
| Bullish Slow Cloud Color | color | color.aqua | bullish_slow_cloud_color |
| Bearish Slow Cloud Color | color | color.orange | bearish_slow_cloud_color |
| Cloud Transparency (0-100) | int | 60 | cloud_transparency |
| Show Fast EMA Highlight | bool | false | show_fast_ema_highlight |
| Fast EMA Highlight Color | color | color.white | fast_ema_highlight_color |
| Show Pivot EMA Highlight | bool | false | show_pivot_ema_highlight |
Show all 26 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Pivot EMA Highlight Color | color | color.white | pivot_ema_highlight_color |
| Show Slow EMA Highlight | bool | false | show_slow_ema_highlight |
| Slow EMA Highlight Color | color | color.white | slow_ema_highlight_color |
| Show Conviction Arrows | bool | true | show_conviction_arrows |
| Bullish Conviction Arrow Color | color | color.aqua | bullish_conviction_color |
| Bearish Conviction Arrow Color | color | color.yellow | bearish_conviction_color |
| Show Fast Conviction EMA | bool | true | show_fast_conviction_ema |
| Fast Conviction EMA Length | int | 13 | fast_conviction_ema |
| Fast Conviction EMA Color | color | color.silver | fast_conviction_ema_color |
| Show Slow Conviction EMA | bool | true | show_slow_conviction_ema |
| Slow Conviction EMA Length | int | 48 | slow_conviction_ema |
| Slow Conviction EMA Color | color | color.purple | slow_conviction_ema_color |
| Show Candle Bias | bool | false | show_candle_bias |
| Bias EMA | int | 21 | bias_ema |
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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