Mobo Momentum Breakout Bands Oscillator MT5 Download – Free – [TradingFinder]

The Mobo Momentum Breakout Bands indicator is one of the effective tools in technical analysis used for identifying price breakouts, trend direction, and market momentum strength.
Unlike traditional Bollinger Bands, this indicator reacts intelligently and responsively to price fluctuations, thereby providing more reliable signals.

Specifications Table of Mobo Momentum Breakout Bands Oscillator

The table below describes the specifications of the Mobo Momentum Breakout Bands indicator.

Mobo Momentum Breakout Bands at a Glance

The Mobo Momentum Breakout Bands oscillator not only shows price momentum strength but also functions as a tool for buy and sell signals.
When the momentum line breaks the upper band, the indicator changes the midline color to green, indicating a buy entry signal.
Conversely, when the oscillating line crosses below the lower band, the midline turns red, issuing a sell signal.

Buy Signal

According to the GBP/USD chart in the 15-minute timeframe, the momentum line (yellow) has crossed the upper band. Following this breakout, the midline of the bands turns green, which is considered a buy signal.

Sell Signal

Based on the EUR/USD chart in the 1-hour timeframe, the yellow line has managed to cross below the lower band, indicating increased selling pressure in the market.
In this situation, the indicator turns the midline to red, issuing a sell signal.

Mobo Momentum Breakout Bands Indicator Settings

Settings of 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 the momentum indicator, accurately identifies market entry and exit points.
Trading signals are generated when the price crosses the upper or lower band, making it effective in identifying genuine breakouts.