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Logic behind TOS's FW_MOBO_Advanced?

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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.---


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  #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

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