Hope you guys are keeping safe against Corona.

Today we look at a averages indicator made by mrtools. This indicator is one of my favourate averages type indicator. It is called the averages ribbon indicator. At base level this is a simple indicator showing the slow and fast moving averages.


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Although from first sight it might look a very ordinary indi but make no mistake this is a very powerful indicator. you can make some amazing things such as these



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Does it makes identifying the structures easy? Btw, the bit of pink and green on the edges there also has a meaning Any guesses on it?

Heres some quick demo trades taken on the template for motivation. Hope you enjoy.



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