Some indicators aim to simplify. Others aim to clarify. The RedK Magic Ribbon does both, offering a clean, color-coded visualization of trend strength and agreement between two custom moving averages. Built by RedKTrader, this tool is ideal for traders who want to stay aligned with the trend and avoid the noise.
Let’s break down how it works, how we use it at Xuantify, and how it can enhance your trend-following setups.
🔍 What Is the RedK Magic Ribbon?
This indicator combines two custom moving averages:
When both lines agree on direction, the ribbon fills with:
Key Features:
🧠 How We Use It at Xuantify
We use the Magic Ribbon as a trend filter and visual guide.
1. Trend Confirmation
We only trade in the direction of the ribbon fill. Gray zones = no trades.
2. Entry Timing
We enter near the RSS_WMA (LazyLine) for optimal risk-reward. It also acts as a dynamic stop-loss guide.
🎨 Visual Cues That Matter
This makes it easy to:
⚙️ Settings That Matter
🧩 Best Combinations with This Indicator
We pair the Magic Ribbon with:
⚠️ What to Watch Out For
This is a confirmation tool, not a signal generator. Use it with structure and price action. Always backtest and adjust settings to your asset and timeframe.
🚀 Final Thoughts
If you want a clean, intuitive way to stay on the right side of the trend, the RedK Magic Ribbon is a powerful visual ally. It helps you avoid indecision and focus on high-probability setups.
What really sets the Magic Ribbon apart is the precision of its fast line—the CoRa Wave. It reacts swiftly to price action and often aligns almost perfectly with pivot reversals. This responsiveness allows traders to spot potential turning points early, giving them a valuable edge in timing entries or exits. Its accuracy in identifying momentum shifts makes it not just a trend filter, but a powerful tool for anticipating market moves with confidence.
Try it, tweak it, and let the ribbon guide your trades.
Let’s break down how it works, how we use it at Xuantify, and how it can enhance your trend-following setups.
🔍 What Is the RedK Magic Ribbon?
This indicator combines two custom moving averages:
- CoRa Wave – A fast, Compound Ratio Weighted Average
- RSS_WMA (LazyLine) – A slow, Smooth Weighted MA
When both lines agree on direction, the ribbon fills with:
- Green – Bullish trend
- Red – Bearish trend
- Gray – No-trade zone (disagreement or consolidation)
Key Features:
- Visual trend confirmation
- No-trade zones clearly marked
- Customizable smoothing and length
- Works on any timeframe
🧠 How We Use It at Xuantify
We use the Magic Ribbon as a trend filter and visual guide.
1. Trend Confirmation
We only trade in the direction of the ribbon fill. Gray zones = no trades.
2. Entry Timing
We enter near the RSS_WMA (LazyLine) for optimal risk-reward. It also acts as a dynamic stop-loss guide.
🎨 Visual Cues That Matter
- Green Fill – Trend is up, both MAs agree
- Red Fill – Trend is down, both MAs agree
- Gray Fill – No-trade zone, MAs disagree
This makes it easy to:
- Avoid choppy markets
- Stay aligned with the dominant trend
- Spot early trend shifts
⚙️ Settings That Matter
- Adjust CoRa Wave length and smoothness
- Tune RSS_WMA to track price with minimal lag
- Customize colors, line widths, and visibility
🧩 Best Combinations with This Indicator
We pair the Magic Ribbon with:
- Structure Tools – BOS/CHOCH for context
- MACD 4C – For momentum confirmation
- Volume Profile – To validate breakout strength
- Fair Value Gaps (FVGs) – For sniper entries
⚠️ What to Watch Out For
This is a confirmation tool, not a signal generator. Use it with structure and price action. Always backtest and adjust settings to your asset and timeframe.
🚀 Final Thoughts
If you want a clean, intuitive way to stay on the right side of the trend, the RedK Magic Ribbon is a powerful visual ally. It helps you avoid indecision and focus on high-probability setups.
What really sets the Magic Ribbon apart is the precision of its fast line—the CoRa Wave. It reacts swiftly to price action and often aligns almost perfectly with pivot reversals. This responsiveness allows traders to spot potential turning points early, giving them a valuable edge in timing entries or exits. Its accuracy in identifying momentum shifts makes it not just a trend filter, but a powerful tool for anticipating market moves with confidence.
Try it, tweak it, and let the ribbon guide your trades.
Precision-driven insights for serious and casual traders. Xuantify combines proven indicators with custom enhancements to deliver clarity, confidence and an edge in any market. Blending simplicity with smart, strategic design.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Precision-driven insights for serious and casual traders. Xuantify combines proven indicators with custom enhancements to deliver clarity, confidence and an edge in any market. Blending simplicity with smart, strategic design.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.