OBTR On Balance True Range Indicator
Topic: OBTR On Balance True Range Indicator
As a very basic set of rules.
a) Gray: MA close to OBTR: Look for a breakout or trend continuation.
b) Gray: MA far from OBTR: Take profit or reverse trade.
c) Blue: Look for an excuse to go long.
d) Orange: Look for a reason to Short.
The slow MA is a tri color line and if the line is neither Lime or Red but gray, if that happens over say 2 bars, this seems to intimate for eg: the end of an upswing