MoT - [Analyst] - OBV Traffic Lights
**THE INDICATOR**
An on-balance volume variation based on Heikin Ashi, plotted with our traffic light system to spot trends easily.
**THE CHART**
AUDNZD on the 4HR Time Frame
**ON THE CHART INDICATORS**
- In the Top Panel we have this Indicator, our version of On-Balance Volume based on Heikin-Ashi Candles
- On the Chart we have Berlin Candles which is our unique take on a mix between normal candles, Heikin Ashi candles all while retaining the essential data.
- Also on the chart we have our ATR-filtered Exponential Moving Average. It either plots further away from price or closer to price, the higher or lower the current ATR is compared to recent history.
- In the Bottom Panel we have our action locator tool which is also extremely powerful at identifying ranging markets and trends.
**MASTERS OF TRADING**
Many Thanks and Trade Safe!
An on-balance volume variation based on Heikin Ashi, plotted with our traffic light system to spot trends easily.
**THE CHART**
AUDNZD on the 4HR Time Frame
**ON THE CHART INDICATORS**
- In the Top Panel we have this Indicator, our version of On-Balance Volume based on Heikin-Ashi Candles
- On the Chart we have Berlin Candles which is our unique take on a mix between normal candles, Heikin Ashi candles all while retaining the essential data.
- Also on the chart we have our ATR-filtered Exponential Moving Average. It either plots further away from price or closer to price, the higher or lower the current ATR is compared to recent history.
- In the Bottom Panel we have our action locator tool which is also extremely powerful at identifying ranging markets and trends.
**MASTERS OF TRADING**
Many Thanks and Trade Safe!
🏠 Website: www.mastersoftrading.com/
🎥 Discord: discord.gg/mastersoftrading
📺 YouTube: youtube.com/c/MastersofTrading
🎥 Discord: discord.gg/mastersoftrading
📺 YouTube: youtube.com/c/MastersofTrading