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Views:: 20970
Rating:: (36)
Published:: 2011.10.18 13:58
Updated:: 2016.11.22 07:32

value_charts.mq5 (5.77 KB) view

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Value Charts is a detrended price indicator created by David Stendhal, it shows the overbought and oversold states using the detrended price extremes.

For a nice description, see the "Dynamic Trading Indicators: Winning with Value Charts and Price Action Profile" book Mark Helweg and David Stendahl, this book is very good.

Value Charts indicator

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Value Charts - indicator for MetaTrader 5