Value Charts Deluxe Edition Indicator V1.0 (Works on Build 1420) | Forex MT4 Indicators

The Value Charts Deluxe Edition Indicator V1.0 was developed to assess market valuation. It acts as a DeTrended Oscillator, with higher or lower values indicating a higher likelihood of a price reversal. Unlike other Value Chart Indicators, this version optimizes performance by updating only the changed Value Chart Bars, avoiding unnecessary strain on your trading terminal.

Value Charts Deluxe Edition Indicator V1.0

The Value Charts Deluxe Edition Indicator V1.0 is a game-changer for MetaTrader 4 (MT4) traders. Developed by David Stendhal and programmed by William Kreider (madhatt30), this indicator provides a unique perspective on market valuation. Let’s dive into the details!

Key Features:

• Value Chart Bars: Represents the average valuation of the market.
• Value Bands: Two lines plotted above and below the Value Chart.

Strategy Insights

The Value Charts Deluxe Edition Indicator V1.0 is not a standalone trading system but rather a powerful addition to your existing strategy. Here’s how you can leverage it:

1. Timeframes: Utilize this indicator on both M1 and M5 timeframes.
2. Currency Pairs:

• XAUUSD (Gold): Ideal for analyzing precious metals.
• EURUSD (Euro/US Dollar): Suitable for major forex pair.

Trading Strategy Example

Combine the Value Charts Deluxe Edition with the Zero Lag Stochastic indicator (preferably Zero Lag Stochastic with settings 5,3,3). Here’s a simple strategy:

1. Buy Signal:

• When the Stochastic crosses below 20 and starts moving upward.
• The Value Chart is between -8 and -10.

1. Sell Signal:

• When the Stochastic crosses above 80.
• The Value Chart is between 8 and 10.

What’s in the package?

• Indicator : Value Chart Deluxe Indicator.ex4

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Disclaimer:

The EAs sold on our channel are not created by us.

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