TFS MOB Indicator

TFS MOB Indicator was authored by Bryan Strain in the Stocks and Commodities Magazine 06/2000. It is the difference of a fast and slow moving average. The user may change the input (close), method (SMA) and period lengths. This indicator’s definition is further expressed in the condensed code given in the calculation below.

TFS MOB Indicator

How To Trade Using TFS MOB Indicator

The TFS Volume Oscillator may be used in conjunction with other indicators. No trading signals are given.

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//input = price, user defined, default is close
//method = moving average, user defined, default is SMA
//fastPeriod = user defined, default is 25
//slowPeriod = user defined, default is 200
//index = current bar number

mob1 = ma(method, index, fastPeriod, input);
mob2 = ma(method, index, slowPeriod, input);
Plot: tfsMob = mob1 - mob2;