MA Ribbon Colored Bars
This script color codes the price bars based on the close-value position relative to a moving average ribbon. Rainbow colors used for simplicity and readability.
Use to study which colors are most likely to produce continuation vs. reversal.
**** MUST use bars, not Japanese candles! ****
Use to study which colors are most likely to produce continuation vs. reversal.
**** MUST use bars, not Japanese candles! ****