Lag-Less Rainbow Ribbon

2019年10月20日

This is my polychromatic "Lag-Less Rainbow Ribbon" indicator using Pine Script version 4.0. I'm sure you may noticed by now, this indicator is truly an astounding rainbow to witness upon encountering it initially. It's jaw dropping beauty is the first of it's kind on TV, but will continue to shine here, or on your chart, so long as TV exists. This one isn't disappearing into non-existence any time soon.

It's extremely easy to use having only one input() to control the entire ribbon and it's lag. I couldn't make it any simpler to use, and that's one unique yet powerful feature of this elegant indicator. Another unique characteristic of deploying this in rainbow fashion is it provides very clear indications of when and where a significant reversal has occurred. Afterwards, trend direction following a large reversal is quickly established.

This script uses all 64 of the available plottable series TV will allow currently, so adding features to it may be impossible in the future. Yet the cloud handles it with ease and speed I have never encountered in a ribbon indicator before. The Pine Script in this indicator is highly optimized, coming in at a light weight 120+ lines of code, probably contributing to it's efficiency.

Lastly, with this flagship indicator, I included a multi-color "neon source" line to view close, hl2, etc... Any one of the two indicators may actually be enabled/disabled independently.

In the demonstration chart, you will witness the other color schemes available. I provided multiple color schemes for those of you who may have color blindness vision impairments. You may contact me in private, if these color schemes are not suitable for your diagnosed visual impairment, and you wish to contribute to seeing the color schemes improved along with other future indicators I shall release.

I.P.O.C.S.: "Initial Public Offering Clean Start" proprietary technology. Firstly, many of my other indicators already possess this capability. It allows suitable plotting from day one, minute one of IPO, remedying visually delayed signal analysis. It's basically accurate plotting from the very first bar (bar_index==0) on Tradingview. If you don't know what this is, most people don't, go back to the VERY beginning of any stock on the "All" chart and compare it to other similar indicators. What's so special about this? It is extremely difficult to get a healthy plot from bar_index==0 on any platform. However, I have become exceedingly talented performing this feat in most cases, but not all depending on the algorithm. This indicator is a successful accomplishment implementing IPOCS. It's inherent value is predominantly for IPO traders who in the past have had to wait 20, 50, and 150 bars before they obtain a precise indicator measurement for the simplest of algorithms in order to make a properly informed decision to potentially invest in an asset. How is this achieved? It's a highly protected secret of mine... but I will say I rarely use Pine built-in functions at all. When I do, I use them scarcely due to currently existing Pine language limitations.

Features List Includes:
I.P.O.C.S.(Initial Public Offering Clean Start) Technology
Enable/disable dark background for enhanced visibility
One "Lag Factor" adjustment to adjust them all
Color schemes
"Transparency" control
Independent "Source" options

This is not a freely available indicator, FYI. To witness my Pine poetry in action, properly negotiated requests for unlimited access, per indicator, may ONLY be obtained by direct contact with me using TV's "Private Chats" or by "Message" hidden in my member name above. The comments section below is solely just for commenting and other remarks, ideas, compliments, etc... regarding only this indicator, not others. When available time provides itself, I will consider your inquiries, thoughts, and concepts presented below in the comments section if you do have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members, I will implement more ideas when they present themselves as worthy additions. As always, "Like" it if you simply just like it with a proper thumbs up, and also return to my scripts list occasionally for additional postings. Have a profitable future everyone!