Fomo Manual

Fomo is a modernized price channel. The idea of the indicator is to trade intraday against regular traders. Ideal for working in conjunction with our IQ Trend indicator. Works on all assets and major timeframes.

Adding an indicator to the chart

Basic settings

The condition for a signal is at what moment the signals will be displayed on the chart. There are 2 variants: on touching the channel boundaries (one signal in the weak/medium/strong overbought/oversold zone); or on touching the channel and the subsequent rebound (on candle closing above the channel boundary).

Pause after the signal - the number means the number of candlesticks on which signals will NOT come, provided that the signal was just received.

Channel multiplier - is responsible for channel width. Default value is 1.5. The lower the value, the wider the boundaries, the higher the value - the wider the boundaries.

Display signals on the chart - if this checkbox is enabled, signals by selected settings will be displayed on the chart.

If you have any questions about how to use it: https://t.me/MaxAlgoAdmin

Purchase a subscription and learn more about the project: https://t.me/maxalgo_bot

Our website: https://maxxalgo.com/