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Goby Momentum

55 USD

Demo downloaded: 4

Published: 8 April 2024

Current version: 1.400

Goby Momentum

Indicators
Tiofelo Da Olga Gilbert Teles
Version: 1.400
Updated: 16 July 2024
Activations: 20

1.CONSTITUTION

Goby Momentum is a momentum indicator based on the Stoch. It consists of two momentum oscillators (Waterfall and Goby) and three floating levels (upper, middler, lower). The inputs can be used to adjust the oscillator period, the dynamic bands and their levels, and the alert signals. It is designed for the MT5 platform only.

2.OPERATION CONDITIONS

This indicator detects the exhaustion of correction movements within a trend, thus giving entry points for new trades.

Buy signal:

When the Waterfall [thick line] is above the upper band.
Goby [dotted line] crosses the upper band. [we use the crossing in the upper band to avoid false signals].

Sell signal:

When the Waterfall [thick line] is below the lower band.
Goby [dotted line] crosses the lower band. [We use the crossing in the lower band to avoid false signals].

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

3. RECOMMENDED ASSETS TO TRADE

Generally, we use this indicator on the RENKO CHART for SCALP TRADES. [Step Index; Step Index 200, Step Index 500; Multi Step 2 Index and Multi Step 4 Index]

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Version 1.400 2024.07.16

In this updade: we change the dynamic bands to floating levels.

Version 1.300 2024.07.13

In this update, we've improved the way data is calculated.

Version 1.200 2024.04.18

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