Sorry, Eugene but last time you told me to be specific. :-)
David Elliot's Mobo(Momentum Breakout Bands) are based on Bollinger Bands with different setting.

Explanation of how this works. +/- 0.8 std deviation Bollinger Bands are the criteria for bullish/bearish plots. When the close rises above the upper band the signal is bullish and stays bullish until the close moves below the lower band when the plot turns to bearish and remains bearish until the close rises above the upper band.
MOBO_length = 10.
I wanted to back test the signals, they look pretty effective on a graph.
Can you help me here?
Thanks
rctrade

Ralph,

1. The Bollinger Bands® indicators are configurable, you can choose any standard deviation value within reason. +/- 0.8 std dev is no exception.

2. Price rising/crossing above/below a Band (or other indicator) are existing conditions in Wealth-Lab Rule-based Strategies.

What's stopping you from backtesting these signals?

Woops sorry I missed the Bollinger Band Directory in the strategy sections. Works as expected. Thanks
rctrade

Glad to have helped.