Description:

“The Ribbon”

• EMA 20: Exponential Moving Average of the last 20 periods (modifiable in “Inputs”).
• EMA 34: Exponential Moving Average of the last 34 periods (modifiable in “Inputs”).
• EMA 50: Exponential Moving Average of the last 50 periods (modifiable in “Inputs”).
• EMA 200: Exponential Moving Average of the last 200 periods (modifiable in “Inputs”).

Strategy:

• Entry Price: The level at which a potential buying or selling force is activated once triggered.
• Buy: Label of the execution of a definitive signal validating a bullish trend.
• Sell: Label of the execution of a definitive signal validating a bearish trend.
• Long Bar Color: Color of the “Buy” Candle.
• Short Bar Color: Color of the “Sell” Candle.
• Stop-Win Long: Your adjustable STOP-Win level in “Inputs” once the “Buy” Candle is triggered in %.
• Stop-Loss Long: Your adjustable STOP-Loss level in “Inputs” once the “Buy” Candle is triggered in %.
• Stop-Win Short: Your adjustable STOP-Win level in “Inputs” once the “Sell” Candle is triggered in %.
• Stop-Loss Short: Your adjustable STOP-Loss level in “Inputs” once the “Sell” Candle is triggered in %.

Signal 1 (Label):

• If BULLISH: When the “ribbon” is positioned from down to up 50, 34, 20 but below 200.
• If BEARISH: When the “ribbon” is positioned from up to down 50, 34, 20 but above 200.

Signal 2 (Label):

• If BULLISH: When the “ribbon” is positioned from down to up 50, 34, 20 but above 200.
• If BEARISH: When the “ribbon” is positioned from down to up 50, 34, 30 but below 200.

Background Color: Color behind the Signal on the chart indicating bullish / bearish evolution

BS Analyzer Study included in the “BlackStrat Signal Analyzer”:

• DIV RSI (label): RSI Divergence (can be hidden or shown)
• PIVOT RSI (label): Pivot indicator
• Div R color: Background candle color of “DIV RSI”
• Piv R color: Background candle color of “PIVOT RSI”
• Bar Color 0: Color of candles when Price is OVERBOUGHT (above 80, but can be modified in “BS Study”)
• Bar Color 1: Color of candles when Price is OVERSOLD (below 20, but can be modified in “BS Study”)
• Long SL (label): Automatic display label when price crosses EMA 200 or EMA 20 crossing EMA 50
• Short SL (label): Automatic display label when price crosses EMA 200 or EMA 20 crossing EMA 50
• Long TP (label): Automatic display label when EMA 20 crosses EMA 50
• Short TP (label): Automatic display label when EMA 20 crosses EMA 50
• Labels: Price displayed on chart of your strategy
• Lines: Levels displayed on chart of your strategy