MastersOfTrading

MoT - [Analyst +] - True Volatility Index

**THE INDICATOR**

This is a more advanced version of our free TVX indicator. TVS is a better Average True Range . It is used the same way, but tracks volatility changes better than the ATR.


**THE CHART**

Apple - AAPL on the Daily Time Frame


**ON THE CHART INDICATORS**

- In the Top Panel we have this Indicator the True Volatility which through use of the TVS tracks volatility changes more accurately than the ATR

- Below the chart we have our OBV Standard Dev. which again is based on the On-Balance Volume but calculated using Standard Deviations.

- n the Bottom Panel we have our accompanying Standard Deviation Indicator which gives the operator a plethora of options as to what the mean should be calculated from.

**MASTERS OF TRADING**

Many Thanks and Trade Safe!

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