Re: MT4 Multi Time Frame (MTF) Indicators

599
kingzboleto wrote: Wed Jan 01, 2020 2:37 am

its here the formula and they dont allow me to download the indi outside
https://tlc.thinkorswim.com/center/refe ... anced.html
and that how it work and info about it

David Elliot's Mobo(Momentum Breakout Bands) are based on Bollinger Bands with different setting.

Explanation of how this works. +/- 0.8 std deviation Bollinger Bands are the criteria for bullish/bearish plots. When the close rises above the upper band the signal is bullish and stays bullish until the close moves below the lower band when the plot turns to bearish and remains bearish until the close rises above the upper band.
MOBO_length = 10.

Re: MT4 Multi Time Frame (MTF) Indicators

600
kingzboleto wrote: Wed Jan 01, 2020 2:37 am

its here the formula and they dont allow me to download the indi outside
https://tlc.thinkorswim.com/center/refe ... anced.html
So far what I see is the MOBO bands are a bollinger band using a 10 period look back with the standard deviation at 0.8 with price inside the bands considered noise, outside of the upper/lower bands are considered trades in the direction of the breakout. Just noticed you posted the same thing. :thumbup:


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