MBO indicator is the third component of TFS trading system. This indicator was developed by Bryan Strain and Mark Whitley. The idea of MBO is similar to moving average convergence/divergence (MACD) indicator. It is calculated by subtracting the 200-day moving average from the 25-day moving average.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Você pode favoritá-lo para usá-lo em um gráfico.
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