PROTECTED SOURCE SCRIPT

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
On Balance Volume (OBV)

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