Turtle with Moving Average Ribbon

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-------------------- INTRODUCTION --------------------
Turtle Ribbon indicator is a trend indicator based on Moving Averages
User can choose either Multi Moving Average ( MMA - Default) or Ribbon Moving Average (RMA)
It is also come with Turtle Buy/Sell signal with Alert Notification capability (Similar to TURTLE PRO indicator)

-------------------- HOW TO READ RIBBON (RMA) and MULTI MA ( MMA ) ? --------------------
--- Color ---
GREEN RIBBON = UP TREND (Short Term EMA above Long EMA )
RED RIBBON = DOWN TREND (Short Term EMA below Long EMA )

--- Candle's Position ---
Candle above RMA = BULLISH
Candle below RMA = BEARISH

--- Width ---
Width of the RMA is indicating the strength of the trend.
Wider RMA indicating STRONG trend.
Thin RMA indicating WEAK trend. May indicating Ranging.


--- Color ---
GREEN = UP TREND
MAROON = RETRACEMENT or Possible Trend Change to DOWN
RED = DOWN TREND
AQUA = RETRACEMENT or Possible Trend Change to UP

--- Candle's Position ---
Candle above MMA = BULLISH
Candle below MMA = BEARISH

--- Width ---
Width of the MMA is indicating the strength of the trend.
Wider MMA indicating STRONG trend.
Thin MMA indicating WEAK trend. May indicating Ranging.

-------------------- HOW TO USE TURTLE SIGNAL ? --------------------
There are 2 type of BUY/SELL Signals
Fast Turtle Buy/Sell Signal (Signal represent by GREEN/RED DOTs at top of the chart)
Slow Turtle Buy/Sell Signal (Signal appear above/below candle)

Fast Turtle is mainly use for Buy on Dip (BoD) or Sell at Peak setup
Slow Turtle is mainly use for Buy on Breakout (BoB) or Sell on Breakdown setup

This indicator also allow user to set Alert Notification for Fast/Slow Turtle Signal

NOTES:-
Use with other indicators like MCDX+ to measure the strength of the BULL/BEAR .

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Sürüm Notları:

Use color.new() as recommended by TradingView.