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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