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Worden Discussion Forum
Stock and Market Talk
I use this to look at how the sectors in favor.
What is the MOBO indicator, if you would share, please?
"MOBO (Momentum Breakout Bands) study suggests that all markets and stock prices have a period where they chop or have a noise level that is trendless.
Using settings on adjusted standard deviation bands (Bollinger Bands®), the study has momentum breakouts above the bands for positive moves and momentum breakdowns for price breaks below the bands. This works for all time periods and tick charts."
Looks like something similar to John Carters Squeeze Indicator
The late David Elliot created Momentum Bands and I used this on TOS as a trigger for buying and selling. Here is some info https://www.youtube.com/watch?v=c6D-oN7wSTQ