Re: Bollinger Bands type indicators for MT4

1341
mrtools wrote: Thu Oct 27, 2022 9:19 am Hi KosmosDaBas,

Made a mt4 version, think it might be pretty close.
This indicator is the Mobo Bands (Momentum Breakout Bands). These bands are bollinger bands that have an adjusted standard deviation. There are Buy signals when it has momentum breakouts above the bands for moves to the upside and Sell signals when it has momentum breakouts below the bands for moves to the downside. The bands simply suggest that all markets have periods of chop which we all know to be true. While the price is inside the bands it is said to be trendless. Once the breakouts happen you can take trades in the breakout direction. I like to use these to swing trade options on the hourly timeframe but the bands should work on most instruments and timeframes. I like to use it to take swings on SPY on the 1 hour chart for entries and use the Daily chart for trend confirmation.
Attachments
These users thanked the author Jedidiah for the post (total 3):
Krunal Gajjar, traderokey, berserkyjc
Be patient therefore, brethren, until the coming of the Lord. Behold, the husbandman waiteth for the precious fruit of the earth: patiently bearing till he receive the early and latter rain.
Behold, we account them blessed who have endured. You have heard of the patience of Job, and you have seen the end of the Lord, that the Lord is merciful and compassionate.


Re: Bollinger Bands type indicators for MT4

1343
KosmosDaBas wrote: Thu Oct 27, 2022 6:14 pm вот версия как можно использовать
ma 200
Спасибо 🙏

Mod edit and translation: Thanks
Be patient therefore, brethren, until the coming of the Lord. Behold, the husbandman waiteth for the precious fruit of the earth: patiently bearing till he receive the early and latter rain.
Behold, we account them blessed who have endured. You have heard of the patience of Job, and you have seen the end of the Lord, that the Lord is merciful and compassionate.

Re: Bollinger Bands type indicators for MT4

1345
honje19960321 wrote: Thu Oct 27, 2022 7:18 pm Спасибо 🙏
KosmosDaBas wrote: Thu Oct 27, 2022 7:56 pm Вот интересные входы
Hi, both of you please help us by posting in English on this site so others can also join in and understand what's going on.

Thank you.
These users thanked the author Jimmy for the post (total 2):
Jedidiah, KosmosDaBas
Are you looking for a Forex broker? FBS cuts spreads by up to 58%. Click here to begin your trading journey, today.
No commissions are earned by Forex-station.


Guide to the "All Averages" Filters (ADXvma, Laguerre etc.) 🆕
Use Fibonacci numbers for indicator settings + How to draw Fibonacci Extensions
An easy trick for drawing Support & Resistance


Re: Bollinger Bands type indicators for MT4

1346
mrtools wrote: Thu Oct 27, 2022 9:19 am MOBO Bands (Momentum Breakout Bands)

The "Mobo Bands" oscillator are the Bollinger Bands but with an adjusted Standard Deviation. It's used for finding breakout trading signals and are designed to work on the 1 Hour chart and higher.

Hi KosmosDaBas,

Made a mt4 version, think it might be pretty close.

Well done Mrtools. Another excellent indicator!

Could you please add all averages and price options to the Mobo Bands indicator?
Thanks.

Re: Bollinger Bands type indicators for MT4

1348
traderokey wrote: Fri Oct 28, 2022 3:17 am Well done Mrtools. Another excellent indicator!

Could you please add all averages and price options to the Mobo Bands indicator?
Thanks.
The middle line is a dpo smoothed with a simple moving average, do you want that changed to averages, also going to add a signal line option to the dpo, while I'm at it do you all want that to be averages as well. Also, will be adding mtf, alerts, and arrow for those asking.
These users thanked the author mrtools for the post (total 2):
Tradehunter, Jimmy

Re: Bollinger Bands type indicators for MT4

1349
mrtools wrote: Fri Oct 28, 2022 5:03 am The middle line is a dpo smoothed with a simple moving average, do you want that changed to averages, also going to add a signal line option to the dpo, while I'm at it do you all want that to be averages as well. Also, will be adding mtf, alerts, and arrow for those asking.

Yes please, add all averages to both the middle and signal lines. From experience, I found out that adding all averages improves the quality of the indicator and hopefully it does to this as well. Thanks.

Re: Bollinger Bands type indicators for MT4

1350
traderokey wrote: Fri Oct 28, 2022 5:09 am Yes please, add all averages to both the middle and signal lines. From experience, I found out that adding all averages improves the quality of the indicator and hopefully it does to this as well. Thanks.
Added the signal line, averages for the bands and signals, alerts, and arrows.


Who is online

Users browsing this forum: bbookgenius, Facebook [Crawler], kvak, Majestic-12 [Bot], whiteadrian23, Xxcoincoin and 87 guests