TradeChartist Mean Momentum Drift Oscillator (MMDO)

™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

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

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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Code optimised