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TradeChartist Mean Momentum Drift Oscillator (MMDO)

TradeChartist Updated   
Oscillators Centered Oscillators Volatility mmdo Momentum Oscillators drift driftmomentum meanreversion Divergence zonetrading oversold
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oscillator centeredoscillator volatility mmdo momentumoscillator drift driftmomentum meanreversion divergence zonetrading oversold
™TradeChartist Mean Momentum Drift Oscillator (MMDO) is the Oscillator version of the ™TradeChartist Mean Momentum Drift Bands (MMDB) indicator with some added visual features to spot Momentum, divergences and Price action using ™TradeChartist Zone Visualizer model.

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Features of ™TradeChartist MMDO
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  • Price zone detection using ™TradeChartist Zone Visualizer model.

  • No User input required.

  • 3 Visual colour schemes - Chilli, Flame and Custom.

  • Clear Visualization of Overbought and Oversold zones.

  • Colour Bars based on Momentum strength.

  • MDDO highs and lows tracker helps detect divergences.

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Example Charts

1. MMDO used along with ™TradeChartist MMDB (Mean Momentum Drift Bands) on 4hr chart of BTCUSDT

snapshot

2. MMDO on 1hr chart of EURUSD to confirm Drift Bands breakout entries on MMDB

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3. MMDO on 1hr chart of LUNAUSDT

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Best Practice: Test with different settings first using Paper Trades before trading with real money

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Release Notes:
Code optimised
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