Value Chart Deluxe Edition Indicator for MT4
<h2><strong>Introduction to the Value Chart Deluxe Edition Indicator</strong></h2>
<p>Market valuations are often very dynamic. Normal price ranges would typically change from time to time. The Value Chart Indicator was developed to address this as it shows the current valuation of the market relative to recent price ranges.</p>
<h2><strong>What is the Value Chart Deluxe Edition Indicator?</strong></h2>
<p>The Value Chart Deluxe Edition Indicator or Value Chart Indicator is a momentum-based indicator which shows the normalized valuation of the market. It is an oscillator type of indicator which can be described as a detrended oscillator. This means that this oscillator is more likely to indicate a reversal if the market is starting to have an extremely high or low value compared to recent price movements.</p>
<p>This version of the Value Chart Indicator plots candlestick-like bars which oscillate around a midline which is zero within the range of -15 to 15. It plots lime green bars to indicate a bullish candle momentum and red bars to indicate a bearish candle momentum. This indicator also has several markers which are at -12, -10, -8, -6, 6, 8, 10, and 12. The area between -6 and 6 represents the normal range of the market. This area is shaded in green. The area above 8 represents the overbought market levels, while the area below -8 represents the oversold market levels.</p>
<p><a href="https://www.forexmt4indicators.com/wp-content/uploads/2014/10/Value-Chart-Deluxe-Edition-Indicator-for-MT4.png"><img class="alignnone size-full wp-image-69159" src="https://www.forexmt4indicators.com/wp-content/uploads/2014/10/Value-Chart-Deluxe-Edition-Indicator-for-MT4.png" alt="Value Chart Deluxe Edition Indicator for MT4" width="977" height="672" srcset="https://www.forexmt4indicators.com/wp-content/uploads/2014/10/Value-Chart-Deluxe-Edition-Indicator-for-MT4.png 977w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/Value-Chart-Deluxe-Edition-Indicator-for-MT4-300×206.png 300w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/Value-Chart-Deluxe-Edition-Indicator-for-MT4-768×528.png 768w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/Value-Chart-Deluxe-Edition-Indicator-for-MT4-218×150.png 218w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/Value-Chart-Deluxe-Edition-Indicator-for-MT4-436×300.png 436w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/Value-Chart-Deluxe-Edition-Indicator-for-MT4-100×70.png 100w" sizes="(max-width: 977px) 100vw, 977px" /></a></p>
<h2><strong>How the Value Chart Deluxe Edition Indicator Works?</strong></h2>
<p>The Value Chart Deluxe Edition Indicator has an algorithm which converts and normalizes price movements within the range of -15 and 15. It uses values such as Market Value Added (MVA) and Average True Range (ATR) to arrive at the values needed to plot the bars. The formulas are as follows:</p>
<p><em>Open = (Open – MVA Typical) / (ATR / ATRn)</em></p>
<p><em>High = (High – MVA Typical) / (ATR / ATRn)</em></p>
<p><em>Low = (Low – MVA Typical) / (ATR / ATRn)</em></p>
<p><em>Close = (Close – MVA Typical) / (ATR / ATRn)</em></p>
<p><em>Typical Price = (High + Low + Close) / 3</em></p>
<p>The color of the bars is based on the open and close of price and should typically follow the candlesticks on the price chart.</p>
<h2><strong>How to use the Value Chart Deluxe Edition Indicator for MT4</strong></h2>
<p>This indicator has several variables and options which can be modified within the indicator settings.</p>
<p><a href="https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-the-Value-Chart-Deluxe-Edition-Indicator-Works.png"><img class="alignnone size-full wp-image-69158" src="https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-the-Value-Chart-Deluxe-Edition-Indicator-Works.png" alt="" width="977" height="675" srcset="https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-the-Value-Chart-Deluxe-Edition-Indicator-Works.png 977w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-the-Value-Chart-Deluxe-Edition-Indicator-Works-300×207.png 300w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-the-Value-Chart-Deluxe-Edition-Indicator-Works-768×531.png 768w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-the-Value-Chart-Deluxe-Edition-Indicator-Works-218×150.png 218w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-the-Value-Chart-Deluxe-Edition-Indicator-Works-436×300.png 436w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-the-Value-Chart-Deluxe-Edition-Indicator-Works-100×70.png 100w" sizes="(max-width: 977px) 100vw, 977px" /></a></p>
<p>“NumBars” refers to the number of bars used for its calculations.</p>
<p>The other options allow users to modify the level markers as well as the colors on the indicator range.</p>
<h3><strong>Buy Trade Setup</strong></h3>
<p><strong><em>When to Enter?</em></strong></p>
<p>Allow the bars to touch the marker -8. Open a buy order if the bars change to lime green.</p>
<p><strong><em>When to Exit?</em></strong></p>
<p>Allow the bars to touch the marker 8. Close the trade if the bars change to red.</p>
<p><a href="https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-to-use-the-Value-Chart-Deluxe-Edition-Indicator-for-MT4-Buy-Trade.png"><img class="alignnone size-full wp-image-69157" src="https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-to-use-the-Value-Chart-Deluxe-Edition-Indicator-for-MT4-Buy-Trade.png" alt="How to use the Value Chart Deluxe Edition Indicator for MT4 – Buy Trade" width="977" height="672" srcset="https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-to-use-the-Value-Chart-Deluxe-Edition-Indicator-for-MT4-Buy-Trade.png 977w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-to-use-the-Value-Chart-Deluxe-Edition-Indicator-for-MT4-Buy-Trade-300×206.png 300w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-to-use-the-Value-Chart-Deluxe-Edition-Indicator-for-MT4-Buy-Trade-768×528.png 768w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-to-use-the-Value-Chart-Deluxe-Edition-Indicator-for-MT4-Buy-Trade-218×150.png 218w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-to-use-the-Value-Chart-Deluxe-Edition-Indicator-for-MT4-Buy-Trade-436×300.png 436w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-to-use-the-Value-Chart-Deluxe-Edition-Indicator-for-MT4-Buy-Trade-100×70.png 100w" sizes="(max-width: 977px) 100vw, 977px" /></a></p>
<h3><strong>Sell Trade Setup</strong></h3>
<p><strong><em>When to Enter?</em></strong></p>
<p>Allow the bars to touch the marker 8. Open a sell order if the bars change to red.</p>
<p><strong><em>When to Exit?</em></strong></p>
<p>Allow the bars to touch the marker -8. Close the trade if the bars change to lime green.</p>
<p><a href="https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-to-use-the-Value-Chart-Deluxe-Edition-Indicator-for-MT4-Sell-Trade.png"><img class="alignnone size-full wp-image-69156" src="https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-to-use-the-Value-Chart-Deluxe-Edition-Indicator-for-MT4-Sell-Trade.png" alt="How to use the Value Chart Deluxe Edition Indicator for MT4 – Sell Trade" width="977" height="672" srcset="https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-to-use-the-Value-Chart-Deluxe-Edition-Indicator-for-MT4-Sell-Trade.png 977w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-to-use-the-Value-Chart-Deluxe-Edition-Indicator-for-MT4-Sell-Trade-300×206.png 300w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-to-use-the-Value-Chart-Deluxe-Edition-Indicator-for-MT4-Sell-Trade-768×528.png 768w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-to-use-the-Value-Chart-Deluxe-Edition-Indicator-for-MT4-Sell-Trade-218×150.png 218w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-to-use-the-Value-Chart-Deluxe-Edition-Indicator-for-MT4-Sell-Trade-436×300.png 436w, https://www.forexmt4indicators.com/wp-content/uploads/2014/10/How-to-use-the-Value-Chart-Deluxe-Edition-Indicator-for-MT4-Sell-Trade-100×70.png 100w" sizes="(max-width: 977px) 100vw, 977px" /></a></p>
<h2><strong>Conclusion</strong></h2>
<p>This indicator can be a very reliable short-term mean reversal signal indicator as long as it is in confluence with the long-term trend direction. It can produce trade signals with relatively high accuracy that can profit within a few candles.</p>
<p><h3><span><strong>MT4 Indicators – Download Instructions</strong></span></h3>
<p>Value Chart Deluxe Edition Indicator for MT4 is a Metatrader 4 (MT4) indicator and the essence of this technical indicator is to transform the accumulated history data.</p>
<p>Value Chart Deluxe Edition Indicator for MT4 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.</p>
<p>Based on this information, traders can assume further price movement and adjust their strategy accordingly. <strong><a href="https://www.forexmt4indicators.com/category/forex-strategies/" target="_blank" rel="noopener noreferrer">Click here for MT4 Strategies</a></strong></p>
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<h4><strong>How to install Value Chart Deluxe Edition Indicator for MT4.mq4?</strong></h4>
<ul>
<li>Download Value Chart Deluxe Edition Indicator for MT4.mq4</li>
<li>Copy Value Chart Deluxe Edition Indicator for MT4.mq4 to your Metatrader Directory / experts / indicators /</li>
<li>Start or restart your Metatrader 4 Client</li>
<li>Select Chart and Timeframe where you want to test your MT4 indicators</li>
<li>Search “Custom Indicators” in your Navigator mostly left in your Metatrader 4 Client</li>
<li>Right click on Value Chart Deluxe Edition Indicator for MT4.mq4</li>
<li>Attach to a chart</li>
<li>Modify settings or press ok</li>
<li>Indicator Value Chart Deluxe Edition Indicator for MT4.mq4 is available on your Chart</li>
</ul>
<h4><strong>How to remove Value Chart Deluxe Edition Indicator for MT4.mq4 from your Metatrader Chart?</strong></h4>
<ul>
<li>Select the Chart where is the Indicator running in your Metatrader 4 Client</li>
<li>Right click into the Chart</li>
<li>“Indicators list”</li>
<li>Select the Indicator and delete</li>
</ul>
<h4><strong>Value Chart Deluxe Edition Indicator for MT4 (Free Download)</strong></h4>
<p><strong>Click here below to download:</strong></p>
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<p>La entrada <a rel="nofollow" href="https://www.forexmt4indicators.com/value-chart-deluxe-edition-indicator-for-metatrader-4/">Value Chart Deluxe Edition Indicator for MT4</a> se publicó primero en <a rel="nofollow" href="https://www.forexmt4indicators.com">ForexMT4Indicators.com</a>.</p>
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