OPEN-SOURCE SCRIPT

Redwire's ALMA Bands

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These ribbons are based on Arnaud Legoux's moving average and combined with Fibonacci levels to create near perfect points of interest. when price action enters one of these bands watch for it's reaction, if price gets rejected expect it to return to the previous band, like wise if the price breaks above one band you can expect it to continue to the next.
simple yet elegant

Suggested use of this script is to place take profit orders within the plotted bands or trade breakouts and rejections.

Please do not base your trades entirely on this indicator it is meant as an addition tool to use along with other methods.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.