Hi @anon46773462, The SMA Ribbon is effectively the same as the Slope Indicator… and is a good substitute for MT4/5.
Unfortunately for Ctrader users, the Graphics required to generate a Ribbon Indicator are not supported by the API. I haven’t seen a Ribbon type Indicator in TradingView either, so it may not have the Graphic API to support this either.
Maybe a TradingView (Great Platform BTW) user can update the thread on this.
Doesn’t Ctrader support Bill Williams Alligator?
If so, ribbons can be generated with it. Input the same period in the three lines and the shift as 0 and 1. The third line can be set as “no line” or if that is not possible then with the same shift as the 2nd line so that it superimposes.
I have a code snippet that can generate this effect out of various MA’s (50 - 200), not as clean as the Indicators available in the MetaTrader C++ format… The Alligator is not an Indicator that I am aware of on Ctrader, could be available via Software Developer(s).
Thanks a lot. Much appreciated.
I prefer an indicator for MT4 as I find MT5 is extremely slow. Eats a lot of RAM on my VPS.
Sounds Interesting, i would love to explore it more though it doesn’t have the nitty gritties for novice traders since am floating with the jango mumbo, can you make it easier for us newbies to understand it better?
I have had quite a few PM requests on how to trade it exactly details…
Latest AUDUSD 1 Hour TF… I have laid it out on an MT4 Chart (I rarely use MT) so most can hopefully apply it to their own platforms… See image below.
Trading is a probability game to MAKE money… NOT an intellectual pursuit to see who thinks he is the cleverest or can design the most complicated system…KISS
I am quite new to Babypips so please excuse the ignorance and questions but are you only using this strategy and you do this full time?
Thanks in advance.
How does this strategy work on a daily timeframe? I would assume just the same.
My other problem, due to my real job, I have no much time to sit behind the computer and watch the charts,
hence my question about the daily time frame, however with daily trading comes the issue of swap charges,
how do you guys deal with them? My idea was to get out the trade every evening and then get back in few minutes after the hour, even if I have to pay again the commission, it’s always cheaper than the swap charge.
How do you guys deal with this?
737ngx,
I think that swap charges could become part of your overall trade analysis as it will be different for each pair depending upon interest rates of each country’s currency.
FR&L
Hi, can I have the ctrader indicator too? Thanks and
There’s been 40 views / downloads of the XLV4 MA Colour Indicator as linked in the thread above…
Any of the downloaders who actually trialed the strategy as demonstrated, wish to add some feedback to this thread, good or bad… (see below)
Questions been up for 3 days, strategy has been up for over a month and not a single response, other than 9 more downloads…
Just silence… No bitching or moaning that it doesn’t work or it’s too hard to apply, the most common reply to a great deal of new strategies posted in the BP Forums
So it would be reasonably safe to concour that this strategy can be applied easily and effectively…
Hello! @Trendswithbenefits
I discovered this thread few days ago, I also follow Dennis’s SW Ranking. I’ve downloaded the indicator watched the videos uploaded and I think I’ve gotten some understanding of it.
I’ll definitely give a try since I’m still trading demo and will give feedback. Thanks for the great work.
Cheers!
TWB,
I’ve dl’d and have been running it with candles working on my s/r charting and my price action practice. Using it in conjunction with heikenashi oscillator. I have the 20 and 5 day xlv4 on in my template.
I’ll have to give the line chart a shot.
Great thread,
KC
I can not find SMA slope indicator that exactly same with yours. only this one for ctrader. I use ctrader.
https://ctrader.com/algos/indicators/show/819
is your indicator shareable?
Thank you
Moving Average Ribbon will the exact same work !! get the one with the most likes
I like you… We should discuss privately
Please how do i get this SMA 20 active on MetaTrader4 ???
Please reply ASAP
i don’t think it is the same. too much ma in ribbon.
