Introduction to the Value Charts Indicator
Naveroka naverokê
The Value Charts Indicator was developed by David Stendahl to help traders identify mean reversal signals from extreme price levels. It is based on the concept explained on the book “Dynamic Trading Indicators: Winning with Value Charts and Price Action Profile” by Mark Helweg and David Stendahl.
What is the Value Charts Indicator?
The Value Charts Indicator is an oscillator type of technical indicator which indicates the direction of momentum, û her weha astên bihayê zêde kirîn û firotanê.
This indicator plots bars that oscillate within a range that has a normal value between -8.00 û 8.00. The bars that it plots is not exactly the same as with the regular oscillators. These bars have points which represent the average of the open, bilind, nizm, and close of the average price movements. The point corresponding to the average of the open is on the left of each bar, while the point corresponding to the close is on the right of each bar.
The colors of the bars also indicate momentum direction, as well as overbought and oversold markets. It plots green bars to indicate a bullish momentum, red bars to indicate a bearish momentum, and blue bars to indicate oversold and overbought markets.
The range of the Value Chart is also marked at levels -8.00, -6.00, 6.00, û 8.00. The normal range is between -6.00 û 6.00. Lebê, the levels below -8.00 bazarek zêde firotanê nîşan dikin, while levels above 8.00 bazarek zêde kirîn nîşan dikin.
How the Value Charts Indicator Works?
The algorithm of the Value Charts Indicator calculates for the “Range Average” which is the average difference between the high and the low. It also calculates for the “Middle Average” which is the average of the high and the low. It then extrapolates further calculations based from the values above, which is then used to plot the range of each bar, as well as its significant points which represent the average of the open, bilind, nizm, û nêzîkî.
The color of the bars changes to blue whenever the high or low of a bar breaches the -8.00 û 8.00 dirêjahî. It changes to red whenever it detects a bearish momentum, and green whenever it detects a bullish momentum. It also plots reversal arrows whenever it detects a breach of the said range.
How to use the Value Charts Indicator for MT5
The Value Charts Indicator has a few options within its settings which can modify its characteristics.
“Periode” refers to the number of bars the indicator uses for its calculations.
“Show_Arrow” toggles the arrow signals on and off.
“Arrow_Width” modifies the size of the arrow.
“Arrow_Up” and “Arrow_Down” modifies the color of the arrow signals.
Sazkirina Bazirganiyê bikirin
Kengê bikevin?
Open a buy order as soon as a bar changes to green coming from a blue bar dropping below -8.00.
Kengê Derkevin?
Allow the bars to swing above 8.00 and close the trade as the bar changes to red.
Sazkirina Bazirganî bifroşin
Kengê bikevin?
Open a sell order as soon as a bar changes to red coming from a blue bar breaching above 8.00.
Kengê Derkevin?
Allow the bars to swing below -8.00 and close the trade as the bar changes to green.
Xelasî
This indicator is a very reliable mean reversal signal indicator. Lebê, the signal arrows should not be used as a confirmed mean reversal signal as these signals form as the bars breach the normal range. Reversals are better based on the changing of the color coming from extreme levels.
Value Charts Indicator for MT5 is a Metatrader 5 (MT5) nîşana û naveroka vê nîşana teknîkî veguherîna daneya dîroka berhevkirî ye. Value Charts Indicator for MT5 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye. Li gorî vê agahiyê, bazirgan dikarin tevgera bihayê bêtir bigirin û li gorî wê stratejiya xwe sererast bikin. Ji bo Stratejiyên MT5 li vir bikirtînin >> Daxwaza Xwe Bikin $50 Bonus Li vir << Ji bo Rêbernameya Vekirina Hesabê Brokera XM-a Gav-Bi-gav li vir bikirtînin Ji bo dakêşanê li vir bikirtînin:Nîşaneyên MT5 – Talîmatên Dakêşanê
Pêşniyar kirin Forex MetaTrader 5 Platformên Bazirganiyê
#1 – Bazara XM
#2 – Vebijêrk Pocket
How to install Value Charts Indicator for MT5.mq5 to your MetaTrader 5 Qebale?
How to remove Value Charts Indicator for MT5.mq5 from your Metatrader 5 Qebale?
Nîşana Charts Nirx ji bo MT5 (Dakêşana Belaş)
