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TradeChartist
9 דצמ׳ 2021 22:39

TradeChartist Mean Momentum Drift Oscillator (MMDO) 

OANDA:XAUUSD60
GoldOANDA

תיאור

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™TradeChartist Mean Momentum Drift Oscillator (MMDO) is the Oscillator version of the ™TradeChartist Mean Momentum Drift Bands (MMDB) indicator with some added visual features to spot Momentum, divergences and Price action using ™TradeChartist Zone Visualizer model.

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Features of ™TradeChartist MMDO
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  • Price zone detection using ™TradeChartist Zone Visualizer model.


  • No User input required.


  • 3 Visual colour schemes - Chilli, Flame and Custom.


  • Clear Visualization of Overbought and Oversold zones.


  • Colour Bars based on Momentum strength.


  • MDDO highs and lows tracker helps detect divergences.


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Example Charts

1. MMDO used along with ™TradeChartist MMDB (Mean Momentum Drift Bands) on 4hr chart of BINANCE:BTCUSDT



2. MMDO on 1hr chart of OANDA:EURUSD to confirm Drift Bands breakout entries on MMDB



3. MMDO on 1hr chart of BINANCE:LUNAUSDT



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Best Practice: Test with different settings first using Paper Trades before trading with real money

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הערות שחרור

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Code optimised
OscillatorsCentered OscillatorsVolatilitymmdoMomentum OscillatorsdriftdriftmomentummeanreversionDivergencezonetradingoversold
תגובות
EpicM
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I would like to have acess with your nice indicator
TradeChartist
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@thrilledCamel77436, PM me.
Lekkerbek
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Beautiful clean designed oscillator, so you can clearly see the momentum together with the actual RSI value.
TradeChartist
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@Lekkerbek, Thank you. Best wishes.
forensictrader
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I would highly recommend it, great work @TradeChartist
TradeChartist
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@forensictrader, Thank you. All the best.
MoreCrazy
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YYDS
TradeChartist
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@MoreCrazy, Thank you. Best wishes.
wichienint
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very good indeed. Thx. to the creator.
TradeChartist
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@wichienint, Thank you. Best wishes.
עוד