Median Momentum Oscillator

What is Median Momentum Oscillator?
MedianMomentum Oscillator have bring the concept of Donchian Channels to create an band of price where Upper band is. the value of highest HIGH and Lower band is the lowest Value of LOW and then calculate the percent of Target Price to the range of Upper band and Lower Band then making its display in the term of oscillator which compare its change to last bar change.
Median Momentum Oscillator can be use as Confirmation Indicator while we design Trading strategy.

Green Background can be define as Buy signal : can be happen when White line cross Blue line Down
Red Background can be define as Buy signal : can be happen when White line cross Yellow line Up

Blue line can be use as support Line, we are expected white line to cross yellow line up in other to change its trend to be upward.
Yellow line can be use as resistance Line, we are expected white line to cross blue line up in other to change its trend to be downward.


What made Median Momentum Oscillator?
- Donchian Channels
- MA Concept

Use of Median Momentum Oscillator
- can be use as the confirmation indicator if trader apply the indicator to any trading strategy which already have trend identifier Indicator.
- can also be use as trend changer/switcher indicator.