OBV Scaling
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