OBTR On Balance True Range Indicator:
Author: marc weedbrook
The issue I have with this indicator is that it repaints, how do you get the version which doesn't repaint? This version I would never use on real money?
I have had a close look at your image and do not understand what it has to do with this indicator unless I am missing the obvious.
As far as the Obtr indi is concerned, once the active bar has closed I have not seen any repainting and considering it only calls on the active and previous bar for data, and is based
on a 1 period Atr I cannot see how it can. Obviously as the new bar is forming you will see fluctuation until we get a close.
I have used and tested it on real money as I do all our indicators and have not had any issues with it.
If I have missed something here I welcome your response.
Thank you for providing a clear explanation of this great indicator. Will talk in the very near future via email. Thanks again for all the help.
Redraw problem! Please update your code
When will OBTR for Metatrader 5 come out?