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Trend Ribbon

The SimpleAlgo Trend Ribbon can be enabled in the SimpleAlgo settings dashboard. The purpose of this feature is to measure present market volatility & general trend direction. Using the Trend Ribbon can be helpful is timing your entries & exits and identifying when a change in market trend is about to occur. When price is trading above a green trend ribbon then it is in an up trend, if price is trading below a red trend ribbon, it is in a down trend.
You can adjust the sensitivity of the ribbon via "smoothing 1" and smoothing 2" parameters. We recommend playing around with different settings to see what best fits your own personal strategy.