TMO Indicator

True Momentum Oscillator by Mobius

“TMO calculates momentum using the delta of price. Giving a much better picture of trend, trend reversals and divergence than momentum oscillators using price.”

• Overbought Zone (Red Section at Top)
• Oversold Zone (Green Section at Bottom)
• Crossovers show when to enter and exit a trade
  (Enter on Green, Exit on Red)
• Wave Color shows current trend (Green, uptrend and Red downtrend)

I use the TMO for confirmation of trend direction and as a trend strength indicator. The farther apart the signal lines are(i.e. the fatter the filled in section) the stronger the trend. When it gets skinner and the signal lines draw closer together it’s a sign that the current trend might be ending. This is especially helpful when trying to buy the bottom of a Stage 4 Decline.

Add the TMO to your Think or Swim charts: http://tos.mx/lhlDlYw

Or download the TMO source code here: https://justpaste.it/8n159

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** This is my personal opinion and not investment advice. I am not a Certified Financial Advisor. **