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Sharingtrade56

OBV Scaling

Sharingtrade56  
On Balance Volume (OBV)
101
0
onbalancevolume
OBV Scaling Indicator

  • Objective - Use for executed order
  • Description - OBV Scaling is the introduction of obv to scaling it into 1 Standard deviation. Since the obv scaling in general has a wide distribution of data, we need to scaling the data to reduce fragmentation.
  • Applications - The principle of OBV Scaling is to use it as an executed order when the value of the OBV scaling crosses EMA of OBV Scaling.
  • Recommendation - OBV Scaling should be used in conjunction with indicators used to filter trend. for example Supertrend, Parabolic Sar
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