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bi or tri state ribbon for Amibroker (AFL)
colin549
over 10 years ago
Amibroker (AFL)

Rating:
5 / 5 (Votes 1)
Tags:
ribbon, amibroker

Plots a ribbon which is useful for bi or tri state indicators. In this example we have a green state when EMA3 is > than EMA23, and a red state for the opposite.

Indicator / Formula

Indicator
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/*Plot Ribbon */
Ribbon1=IIf( EMA( Close , 3 )>EMA( Close , 23 ) ,colorGreen, IIf(EMA( Close , 23 )>EMA( Close , 3 ), colorRed,colorYellow));
Plot(6, "Ribbon", Ribbon1, styleOwnScale| styleArea| styleNoLabel,-0.5,100);

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