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You can find more about this indicator by going to
For a short article on OBTR goto
http://www.moneymentor.com/mm_artic.html
>From the long list select On Balance True Range which will
give you a description of this indicator.
I got this indicator from Livewire, a real time charting
program I use with DTN. Livewire gives minimal info on this
indicator. I have been using this program since 1995 and
have found this indicator keeps me in positions through a
long uptrend where the default settings for Stochastics &
MACD whip you in and out. Maybe you could adjust the
perameters on these indicators to be more effective but OBTR
works for me so I haven't fiddled with these indicators.
BTW, Stochastics & MACD are used by everyone. I like an
indicator not used by the masses.
Following is a post I made here on 6/29 with all the info I
have from Livewire on this.
>Some have been looking for an indicator that won't swing
them in and out
>of positions like stochastics and to a lesser degree MACD
does. I also
>use a program called Livewire in conjunction to DTN. DTN
supplies the
>data and Livewire does the charting real time from the data
(when the
>data comes in the chart changes.) Livewire has an
indicator called
>On-Balance True Range that I swear by. Livewire gives
little info about it.
>When you select this indicator you get a five item choice
list:
> 1) Seed, # Points (1-250) 10 is the default value.
> 2) 1st MA # Points(1-250) 10 is again the default
> 3) 1st MA Type (S,E,W) E is the default.
> 4) 2nd MA # points (1-250) 10 is again the default
> 5) 2nd MA Type (S,E,W) E is the default
>Obviously MA means moving average. I'm guessing S,E,W
means Simple,
>Weighted or Exponential. Thats it. I'm new to MegaStock
but I haven't
>yet found this in their list of indicators. If someone
knows where it
>is let me know. Any way, it works. It keeps you in a
stock thats
>moving and tells you when to get out. Has two lines like
stochastics
>but it stays with a trend unlike stochastics which will
give numerous
>buy and sell signals along the way.
>Anyone else familiar with this indicator?
Bob Doeden
Chicago
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