CakeProfits-SMA+EMA G

This indicator plots a dynamic color coded MA ribbon that visually highlights the relationship between a Simple Moving Average (SMA) and an Exponential Moving Average (EMA). The ribbon changes color based on bullish or bearish crossovers:

Bullish – EMA crosses above the SMA, indicating upward momentum.

Bearish – EMA crosses below the SMA, signaling potential downward pressure.

The SMA smooths out long-term price trends, while the EMA responds faster to recent price action. Together, they help traders identify shifts in market direction and momentum strength. The ribbon provides a clear, at-a-glance view of trend changes and can be used on any timeframe or market.
There is also the option to display a 200 SMA that is also color coded.

Common Uses:

Confirming trend direction.

Identifying early entry/exit points.

Filtering trades for trend-following strategies.