Mobo Momentum Breakout Bands Oscillator MT4 Download – Free – [TradingFinder]

The Mobo Momentum Breakout Bands indicator is a practical tool in technical analysis that identifies price breakouts, market strength, and momentum.
Unlike traditional Bollinger Bands, this trading tool dynamically adapts to price movements, resulting in more precise and clearer signals for identifying trend continuation or reversal.

Specifications Table of Mobo Momentum Breakout Bands Oscillator

The specifications of the Mobo Momentum Breakout Bands indicator are as follows.

Mobo Momentum Breakout Bands at a Glance

The Mobo Momentum Breakout Bands oscillator not only displays momentum but also generates buy and sell trade signals.
Whenever the momentum line crosses the upper band, the indicator changes the midline to green as a buy signal. Conversely, when the oscillating line breaks below the lower band, the midline turns red, issuing a sell signal.

Buy Signal

Based on the analysis of the USD/JPY chart in the 30-minute timeframe, the momentum line (yellow line) moves upward and breaks the upper band.
Afterward, the midline of the bands turns green as an alert for a buy signal.

Sell Signal

According to the NZD/USD chart in the 1-hour timeframe, the momentum line successfully crosses below the lower band. In this condition, the indicator changes the midline to red as a sell signal.

Mobo Momentum Breakout Bands Indicator Settings

Adjustable parameters in the Mobo Momentum Breakout Bands oscillator are as follows:

• Dpo period: Time period for DPO calculation
• Dpo price: Price type used for DPO calculation
• Dpo ma method: Moving average type for DPO
• Mobo period: Time period for Mobo Bands calculation
• Deviation calculation type: Standard deviation calculation method
• Upper bands deviation: Deviation value for upper band drawing
• Lower bands deviation: Deviation value for lower band drawing
• ALERT: Alert activation
• EMAIL: Email alert sending
• NOTIFICATION: Notification sending
• MESSAGE_TIMEOUT: Delay time between sending
• MESSAGE_SUBJECT: Alert subject definition

Conclusion

The Mobo Momentum Breakout Bands oscillator, by combining deviation bands and momentum oscillator, clearly displays favorable conditions for market entry or exit.
Its signals are generated based on price crossing the upper or lower bands and are useful for filtering ranging markets.
Additionally, this tool has the ability to send alerts via email, which traders can activate through the settings section.