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Goby Momentum

1.CONSTITUTION

Goby Momentum it consists of two oscillator and three dynamic bands (upper, middler, lower). The inputs can be used to adjust the oscillators, the dynamic bands and the alert signals.

2.UTILITY

This indicator detects the exhaustion of correction movements within a trend, thus giving entry points for new trades. Entry signals can be generated for both smaller timeframes (>M5) and larger ones (<H1).

3.OPERATION CONDITIONS

Buy signal:

  • When the Waterfall [thick line] is above the upper band.
  • Goby [dotted line] crosses the upper band from the lower band.

Sell signal:

  • When the Waterfall [thick line] is below the lower band.
  • Goby [dotted line] crosses the lower band from the upper band.

This operation can be adjusted by inputs according to the trading style of each trader.

3. RECOMMENDED ASSETS TO TRADE

Goby Momentum is a powerful indicator for trading Volatility 75 1s [Vix 75 1s] and Volatility 10 1s [Vix 25 1s].


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Version 1.200 2024.04.18
We fixed the problem in the price of waterfall, goby and bands.