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Hello All, Recently I have started using profitunity system for my intra day trading. I have attached an expert advisor of the same on my chart. I have understood the fractals, the color of the bars. But I am not able to understand the ribbon below chart showing 3 colors red (short) green (long) and grey. I have read the books by Bill Williams but no where he has mentioned such thing. Request seniors, admin to throw some light as what are they. I am not asking for the code but want to understand the logic or definition. I am attaching a chart for your reference.  Uploaded with ImageShack.usLooking forward for a reply. Regards, Nick
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The ribbon is based on the direction of the AO and AC indicators. If both are increasing, the ribbon is green. If both are decreasing, the ribbon is red. if they are going opposite directions, the ribbon will be grey.
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Rank: Newbie
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thanks for the reply.
regds,
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Rank: Advanced Member
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MS Support wrote:The ribbon is based on the direction of the AO and AC indicators. If both are increasing, the ribbon is green. If both are decreasing, the ribbon is red. if they are going opposite directions, the ribbon will be grey.
Your answer is for the highlights and not for Ribbon. The Ribbon is based on the relation between the price and the alligator. Green: Close is above all three lines of alligator. Red: Close is below all three lines of alligator Gray: Any other situation which is not green or red.
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