Logic behind TOS's FW_MOBO_Advanced? - futures io
futures io futures trading



Logic behind TOS's FW_MOBO_Advanced?


Discussion in ThinkOrSwim

Updated by kjhosken
    1. trending_up 577 views
    2. thumb_up 1 thanks given
    3. group 2 followers
    1. forum 1 replies
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Thread Tools Search this Thread
 

Logic behind TOS's FW_MOBO_Advanced?

  #1 (permalink)
San Francisco Ca/USA
 
Experience: Advanced
Platform: tos
Trading: es
 
Posts: 28 since Jan 2019
Thanks: 10 given, 7 received

Logic behind TOS's FW_MOBO_Advanced?

Hello, I am looking into the TOS's FW_MOBO_Advanced. I know its basically the Bollinger 10, -.8, +.8 but in the indicator there is a "Pattern buy" and "pattern sell."

I was wondering if someone here might know the exact logic that defines those "pattern break" sells and buy?

This is TOS explanation but I can't seem to duplicate it:

---Using settings on adjusted standard deviation bands (Bollinger BandsŪ), the study has momentum breakouts above the bands for positive moves and momentum breakdowns for price breaks below the bands indicated by Pattern Break signals. Moreover, using Fisher transform technique, this advanced version of the study displays Fisher Break signals. This works for all time periods and tick charts.---

Thanks!

Reply With Quote

Can you help answer these questions
from other members on futures io?
Convert NinjaTrader NT7 indicator to Tradestation EasyLanguage and RADARSCREEN
Platforms and Indicators
Issue meeting order entry conditions
Elite Automated NinjaTrader Trading
Last 5 minutes Label
ThinkOrSwim
Moving average with Lag reduction
NinjaTrader
Linux?
ThinkOrSwim
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Spoo-nalysis ES e-mini futures S&P 500
442 thanks
VWAP for stock index futures trading?
48 thanks
Want your NinjaTrader indicator created, free?
46 thanks
Is Amp at risk of going under?
24 thanks
Risk of trading micro futures
19 thanks
 
  #2 (permalink)
Seattle, WA/USA
 
Experience: Intermediate
Platform: TOS, TS
Trading: Forex, crude
 
Posts: 74 since Sep 2016
Thanks: 7 given, 26 received

From what I know the general MOBO trade is a close above/below the bb you mentioned. The advanced version also incorporates the signals from the FW Fisher Transform Oscillator

Follow me on Twitter Reply With Quote
The following user says Thank You to kjhosken for this post:



futures io Trading Community Platforms and Indicators ThinkOrSwim > Logic behind TOS's FW_MOBO_Advanced?




Upcoming Webinars and Events
 

Bookmap

May 28
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts