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The Moving Average Ribbon indicator is a series of moving averages of different lengths plotted at the same time on a chart. The result is a ribbon appearance that gives a 3 dimensional look.
The ribbon is made up of 8 different length moving averages. In this indicator, an exponential moving average is used. The shortest moving average is called the base length. This is an input that can be set in the properties of the indicator. By default, it is set at 10. The rest of the averages are based off of the increment property, which is also defaulted to 10. The increment is the amount added to each average. For example, the second line is set to a 20 period, the third line is set to 30 and so on. Changing either the base or the increment will allow you to adjust the sensitivity of the indicator. Smaller numbers are more reactive to price movement and larger numbers are slower acting or smoother
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