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.
I placed an order back in September based on your alma script bands and it coinciding with the prior swing lows. Since the 3 day candle hit the top of the alma band it was likely to proceeed to the bottom especially with the swing lows there. Patience proved it to be correct and although btc did shoot to the top band I closed it with at my target with a 25% profit. Thanks for your work!