How to read it

1. Trailing stopFollows price at a distance set by recent volatility, and only moves with the trend. A close through it flips the trend.
2. Pullback zoneThe band between the ribbon's first two lines, in front of the stop: where a pullback in the trend comes back to.
3. HeatThe ribbon glows brighter where price has traded through its levels more over the last 50 bars. Levels price only passed through stay dark.
4. Trend flipA dot marks the bar where the trend turned. The ribbon moves to the other side of price: green below it in an uptrend, red above it in a downtrend.

A read of the trend, not a trade signal. Educational purposes only · Conduct your own analysis · Manage risk