On Balance True Range (OBTR)

OBTR On Balance True Range Indicator is based on the idea of using the range in order to overcome some of the limitations of any other volumes indicator.

I suggest to use it in combination with a momentum indicator as signal confirmation.

Trading Signals

  • Gray: MA close to OBTR: Breakout or Trend Continuation;
  • Gray: MA far from OBTR: Take Profit;
  • Blue: Long Signal;
  • Orange: Short Signal.

Obtr

Download

  • File: OBTR.mq4
  • Size: 7 Kb
On Balance True Range (OBTR) posted by is rated 5 / 5 on 2810 reviews.

Leave a Reply

Your email address will not be published. Required fields are marked *

Protected by WP Anti Spam