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    cTrader Support & Resistance Ribbons

    cTrader Support & Resistance Ribbons


    14-Day Refund Option (Read Policy)

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    Are you looking for a place where the price will bounce and a place where the trend might reverse or maybe just want to know what is the current state of the trend? This indicator is just for you.
    (OS) Type: Windows Compatible
    Current version: 1.0.0
    Updated: Wednesday, 14 April 2021
    Author: Peaks & Valleys

    Need a cTrader broker?  Open a demo account

    Educational content: Read our disclaimer

    £9.99 Incl. VAT.
    cTrader License

    Lifetime license, 1-year free updates






    If you are looking for a price action indicator, you are in the right place. Our indicator displays three ribbons: Blue, Orange and Red. Each of the ribbons has a higher probability that price will react to it.

    • Blue - low probability
    • Orange - medium probability
    • Red - high probability

     

    Note: low, doesn’t mean price won’t react on it, it means the chance is lower than the other ribbons.

     
    cTrader Support Resistance Ribbon Indicator 

     

    Trend Information

    This indicator displays also information about the trend. There might be 7 states:


    ● Strong Uptrend
    ● Uptrend
    ● Uptrend Correction
    ● Strong Downtrend
    ● Downtrend
    ● Downtrend Correction
    ● Wait (it’s hard to determine trend state and more candles are needed)

     

    Configurable Parameters

    The following settings are available to the trader.

     

    cTrader Support Ribbon Settings

     

    How To Install

    First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install onto the platform.

     

    Join Telegram Community

    You can join a Telegram community and chat with other traders to discuss, share and ask for help.

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    Charting indicators & cBots used on this site are for the cTrader Desktop platform in which our tools are built on, and cTrader is a registered trademark of Spotware Systems Ltd.

    This site & the products & services ClickAlgo offers are for informational & educational purposes only. All content is to be considered hypothetical, selected after the fact, in order to demonstrate our products and should not be construed as financial advice. Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. 74-89 % of retail investor accounts lose money when trading CFDs. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.


    Copyright © 2024 ClickAlgo Limited is a company registered in England and Wales with (Company No. 13117395) Kemp House 160 City Road, London EC1V 2NX. This does not represent our full Disclaimer. Please read our full disclaimer.

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