Wednesday, May 15, 2019

Value Chart for MT4

Value Chart for MT4


Value Charts (Helveg and Stendhal, 2002) - an innovative technology price display as a value, not the cost, even if the price volatility varies over time. It shows when a particular market is at an extremum and a high probability of reversal.


interpretation of values


Value Chart indicator determines the evaluation of the market, the price is displayed in one of five key assessment areas, which include:



  • significantly overpriced

  • moderately overpriced

  • a fair assessment

  • moderately undervalued

  • significantly undervalued


When Value Chart indicator reaches a significant level, the bar changes color, indicating the possibility of opening a short or long position. Bar turns red when a financial instrument is significantly overvalued (the possibility of opening a short position) and green when it is significantly undervalued (the possibility of opening a long position).


An example of a trading strategy


As a rule, in bull markets fast, sharp pullback followed a slow upward movement diligent. As part of this strategy, we use the values ​​of Value Chart to determine the temporary setbacks.



  1. Use the moving average to determine the overall trend.

  2. As soon as the moving average will determine the upward trend, expect the possibility of buying a value of Value Chart below -8.

  3. Close the position when the market is trading above the 8 indicator Value Chart.


Value Chart for MT4

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