Description
Value Charts Deluxe Edition Indicator V1.0
Introduction
The Value Charts Deluxe Edition Indicator is a powerful tool designed to assess market valuation. Developed by David Stendhal and programmed by William Kreider (madhatt30), this indicator provides insights into market dynamics. Unlike traditional Value Chart indicators, it doesn’t strain your trading terminal, making it an efficient addition to your trading strategy.
Key Features
- Market Valuation: The Value Chart converts and normalizes price movements within the range of -15 to 15.
- Visual Clarity: It defines high and low price action, helping you identify BUY/SELL zones.
- Efficient Performance: Unlike its predecessors, this indicator updates only the Value Chart Bars that have changed, minimizing resource usage.
Timeframe and Currency Pairs
- Timeframe: The Value Charts Deluxe Edition works on any standard timeframe. For our strategy, we’ll focus on M1 and M5.
- Currency Pairs: We recommend using XAUSUD (Gold/Silver) and EURUSD (Euro/US Dollar).
Strategy Overview
The Value Charts Deluxe Edition Indicator is not meant to be traded in isolation. Instead, it complements existing strategies. Here’s how we can incorporate it:
- Zero Lag Stochastic (5,3,3):
- When the Stochastic crosses above the 80 level and the Value Chart is between 8 and 10, consider a sell.
- If the Stochastic is crossing below 20, headed up, and the Value Chart is between -8 and -10, consider a buy.
- Standard Stochastic (3,3,5):
- Use this if you don’t have Zero Lag Stochastic.
- Apply the same rules as above.
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Additional Resources
Instant Download: https://yoforex.org/product/value-charts-deluxe-edition-indicator-v1-0/
Contact: @yoforexpremium
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