MastersOfTrading

MoT - [Analyst +] - On-balance ATR

**THE INDICATOR**

This is a special indicator based on On-Balance Volume , but based on Average True Range . Designed with our Traffic Light system to aid in Trend identification.


**THE CHART**

Apple - AAPL on the Daily Time Frame


**ON THE CHART INDICATORS**

- In the Top Panel we have this Indicator the On-Balance ATR which is our special take on OBV centred around the ATR

- Below the chart we have our Standard Deviation Indicator which gives the operator a plethora of options as to what the mean should be calculated from.

- In the Bottom Panel we have our accompanying OBV Standard Dev. which again is based on the On-Balance Volume but calculated using Standard Deviations.


**MASTERS OF TRADING**

Many Thanks and Trade Safe!

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Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact MastersOfTrading for more information, or follow the author's instructions below.

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