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TradeChartist
9 déc. 2021 20:27

TradeChartist Mean Momentum Drift Bands (MMDB) 

NASDAQ:AMD60
Advanced Micro Devices, Inc.NASDAQ

Description

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™TradeChartist Mean Momentum Drift Bands (MMDB) is a Momentum indicator that plots a Mean Momentum line (calculated automatically from sample means of many lookback periods decided by the script logic) and Upper/Lower Drift Bands (calculated using standard deviation). The script helps spot price volatility, Oversold/Overbought zones and also generates high probability breakout signals without any user input.

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Features of ™TradeChartist MMDB
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  • Momentum Mean and 4 upper/lower Drift bands.


  • No User input required.


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


  • MMDB table that shows asset's price, RSI and values of Mean & Upper/Lower Drift bands


  • Breakout Signals (Bull and Bear arrows) based on price closing above or below the 1st Drift Band.


  • Overbought and Oversold zones.


  • Colour Bars based on Momentum strength.


  • Alerts for Bull and Bear Breakouts (Once per bar close to be used).


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Example Charts

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



2. MMDB on 4hr chart of OANDA:XAUUSD



3. MMDB on 1hr chat of OANDA:SPX500USD



4. MMDB connected to ™TradeChartist Plug and Trade on BINANCE:LINKUSDTPERP



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Note: The script doesn't repaint, so the alerts can be used with confidence. To check this, users can do bar replay to confirm if the plots and markers stay in the same place.

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

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VolatilityTrend AnalysisMoving AveragesmmdbmmdbandsStandard Deviation (Volatility)volatilitytrendbreakoutvolatilityindicatormomentumindicator
Commentaires
Green_Mile
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I have always found his strategies successful and I know he always works for the best. and you succeed. I always appreciate you. I wish the
TradeChartist
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@Green_Mile, @Green_Mile, Thank you. Best wishes.
Green_Mile
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@TradeChartist, I thank you because I always appreciate you for what you do and offer.
Green_Mile
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topcat888
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TC does it again, brilliant indicator and by far my favourite... This together with a couple of other confirming indicators and all becomes clear.! Thank you for your continued dedication and hard work.
TradeChartist
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@topcat888, Thank you for your support. Best wishes.
vurp03
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Another beautiful indicator by TradeChartist. Paired with Plug and Trade, this indicator equips the trader with a lot of information to make an informed trade decision. Well done, again!
TradeChartist
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@vurp03, Thank you for sharing. Best wishes.
forensictrader
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Man you everytime impress me with your scripts, the way you explain each time to effectively utilise your scripts and strategies is commendable. Highly recommended.
TradeChartist
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@forensictrader, Thank you for your kind words. Best wishes.
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