This indicator is designed to be used with Market Profile / Volume Profile trading techniques on a 30min chart. The halfback of a candle is the mid point between the high and the low of the candle. A halfback trade can be taken once price retraces into this point as support/resistance using the prevailing trend as your trade direction. One-Time-Framing is a...
DBT MOMO Introduction: The MoMo is a TradingView indicator designed to evaluate momentum and give the user signals according to momentum shifts, strength, extensions, traps, and divergence. It’s an all in one oscillator that will make reading price action near term and long term much easier. Part One: Strength The MoMo consist of two major parts. A 3-candle...
This indicator is an Add on to the DBT MoMo v.4. Due to a conflict with the Oasis Trading Suite the DBT MoMo Candle Colors had to be turned off for now. To compensate we created a background shading indicator that will shade the same candles as before. For Access or Questions: Private message us. Thank you.
DBT MoMo v2 uses everything in the MoMo v1 and more. The MoMo finds areas of extension, to the downside and upside. These areas create good opportunities for long and short positions. It consist of a 3 candle back MoMo line and 24 candle back MoMo line. When both lines are above 10 this shows the bulls are very extended and a pullback or trend reversal is...