This is our On-Balance Standard Deviation version of our ever popular OBV series. Again, its like our original OBV, however, it is based on Standard Deviations with the added visuals of our Traffic Light system.
Apple - AAPL on the Daily Time Frame
**ON THE CHART INDICATORS**
- In the Top Panel we have the True Index which through use of the TVS tracks changes more accurately than the ATR.
- Below the chart we have this Indicator, our OBV Standard Dev. which again is based on the On-Balance but calculated using Standard Deviations.
- In the Bottom Panel we have our accompanying Standard Deviation Indicator which gives the operator a plethora of options as to what the mean should be calculated from.
**MASTERS OF TRADING**
Many Thanks and Trade Safe!
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