ValueOrbit MT4

ValueOrbit shows where the "fair" price of the current period sits and how far the market has moved away from it. It is a context tool: it draws a central Value Core line with three pairs of orbit shells (±1σ, ±2σ, ±3σ) around it, and the dashboard reports how stretched price is. It does not generate entry signals.

MT5-version: https://www.mql5.com/en/market/product/201292

How it works

The Value Core is a reference level that builds up from the start of each period (session, week or month) and restarts when a new period begins. The shells mark standard distances from that level, measured in σ units. The closer price stays to the core, the more balanced the market; the farther it goes, the more stretched it is. Lines break at the period change so there are no vertical jumps.

How to use

1. Attach the indicator and choose Value Anchor to match your style: Session for intraday (M1–H1), Week for swing trading (H1–H4), Month for H4–D1.
2. Read the context: price above Value Core means buyers dominate, below means sellers do.
3. Return to value: in a range, moves to ±2σ and beyond often end with a pullback toward the core. Look for confirmation from your own entry method.
4. With the trend: in a trend, price stays on one side of the core, and pullbacks to the core or ±1σ are zones to look for entries in the trend direction.
5. Targets and stops: the core and shells are ready-made TP/SL references that adapt to current volatility.
6. The ±3σ zone (EXTREME) is an abnormal stretch: it can mean exhaustion or a breakout. Wait for confirmation.

Settings

Value Core

• MQL5.com account — information field, no effect on operation.
• Value Anchor — when the core restarts: Session (daily), Week (weekly), Month (monthly). On D1 and above, Session automatically behaves as weekly.
• Core Source — the price used for the calculation.
• Volume Type — Tick volume or Real volume (if your broker provides it).
• Show Value Core — show the central line.

Orbit Shells

• Show +-1 sigma Shell / Show +-2 sigma Shell / Show +-3 sigma Shell — show the corresponding pair of orbits.
• Fill Orbit Field — fill between the orbits.
• Shell Line Transparency (0-100) — transparency of the orbit lines.
• Field Fill Transparency (70-100) — transparency of the fill.

Orbit Palette

• Core Color, Upper Field Color, Lower Field Color — colors of the core, upper zone and lower zone.
• Mono Candles (white / grey) — repaints candles white/grey so only the indicator zones carry color.
• Mono Up Candle / Mono Down Candle — colors of rising and falling candles.

Value Dashboard

• Show Value Dashboard — show the panel.
• Dashboard Position — starting corner (Top Left, Top Right, Bottom Left, Bottom Right).
• Dashboard Text Size — panel font size.

Alerts

• Popup Alerts — terminal pop-up windows.
• Push Notifications — notifications to your phone. Alerts fire on a closed bar: price crossing the core upward or downward, moving beyond +2σ or −2σ, and moving beyond ±3σ.

Dashboard

Drag the panel by its header; the "−" / "+" button collapses and expands it. When collapsed, the header keeps a short Stretch reading.

• Header — symbol and timeframe.
• Value Core — current core level and where price stands: price above ▲ or price below ▼.
• Stretch — how far price is from the core in σ. ORBIT — fair value: under 1σ, balanced market. LIFTED + / SINKING −: 1σ to 2σ up / down. STRETCHED: 2σ to 3σ. EXTREME: 3σ or more. The strip on the right runs from −3σ to +3σ; ● marks the current position.
• Upper Shells / Lower Shells — the ±1σ and ±2σ price levels.
• 1σ Width — width of one orbit in price and as % of price; shows the current "width" of the market.
• Anchor — selected mode and reset period (daily / weekly / monthly).
• Volume Feed — OK when volume data is available; NO VOLUME means none, and the core then simply follows price.
• Mono Candles — ON/off, state of the monochrome candles.