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cTrader Support & Resistance Ribbons


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cTrader Support & Resistance Ribbons

cTrader Support & Resistance Ribbons
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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

cTrader Indicator
£10.99 Incl. VAT.
cTrader License

2-year license, 1-year free updates




Full source code - £43.96 Incl. VAT




Need a cTrader broker?  Open a demo account

Educational content: Read our disclaimer


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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Disclaimer

The charting indicators and cBots available on this site are designed for the cTrader Desktop platform. cTrader is a registered trademark of Spotware Systems Ltd. NinjaTrader® is a registered trademark of NinjaTrader Group, LLC. No company within the NinjaTrader Group has any affiliation with the owner, developer, or provider of the products and services described on this site. Furthermore, NinjaTrader Group, LLC does not have any ownership, interest, endorsement, recommendation, or approval of these products or services. This website, along with all products and services provided by ClickAlgo, is intended for informational and educational purposes only. All content is hypothetical, carefully selected after the fact to demonstrate our products, and should not be interpreted as financial advice.


Risk Warning

Trading futures and forex involves significant risk and is not suitable for all investors. A trader may lose all or more than their initial investment. Historical performance is not necessarily indicative of future results. Approximately 74-89% of retail investor accounts lose money when trading CFDs. Only risk capital—money that can be lost without affecting one's financial security or lifestyle—should be used for trading. Investors should carefully assess whether they have sufficient risk capital before engaging in trading activities.


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