Registered User Joined: 10/7/2004 Posts: 86
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I use this to look at how the sectors in favor.
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Registered User Joined: 11/19/2015 Posts: 459
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What is the MOBO indicator, if you would share, please?
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Registered User Joined: 9/17/2010 Posts: 484
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"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
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Registered User Joined: 10/7/2004 Posts: 86
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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
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