bi or tri state ribbon for Amibroker (AFL)
colin549 over 11 years ago Amibroker (AFL)
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
Copy & Paste Friendly
/*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);0 comments
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