Value Chart Indicator
Pinpoint Market Extremes with Needle-Like Precision and Accuracy with the Value Chart Indicator
The Value Chart Indicator uses an innovative charting technique designed to pinpoint overbought and oversold territory. It shows you when a particular market is at an extreme level and is likely to reverse. The levels plotted on the chart are as follows:
Significantly Overbought : Greater than 8
Moderately Overbought : Greater than 4
Fair Value : Between -4 and 4
Moderately Oversold : Less than -4
Significantly Oversold : Less than -8
When the value chart reaches a significant level, the bar is colored appropriately to indicate a long or a short opportunity. It turns red when an instrument is significantly overbought (short opportunity) and blue when significantly oversold (long opportunity).
This indicator is particularly useful for ‘scalping’ (extremely short-term trading) in a sideways market, where there is a limited movement taking place, rather than a trending market undergoing larger swing movements.
The Value Chart gives you the inside track on what the market is doing ahead of your competition, so make sure you buy one and put it to good use on your charts.
Combine the Value Chart with the Linear Regression Channel Indicator to make a great scalping setup.
Indicator feature List:
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Dedicated Online Support