the Value Chart Deluxe Edition Indicator MT4 MetaTrader for scalp in Forex Free Download

Introduction to the Value Chart Deluxe Edition Indicator 📊

Financial markets are often very dynamic, and prices change a lot over time. The normal price range of the market can vary under different conditions. The Value Chart Deluxe Edition indicator was created for this reason, to show the current value of the market in comparison to recent price changes, helping traders take advantage of these fluctuations.

What is the Value Chart Deluxe Edition Indicator? 🤔

Click here to download and install The Value Chart Deluxe Edition  indicator.                        

The Value Chart Deluxe Edition indicator is a price movement-based tool used to identify the normal value of the market. This indicator is a type of oscillator, which can be described as a non-trend oscillator. This means that if the market price moves extremely high or low, this oscillator is more likely to indicate a potential price change. In the Deluxe version of this indicator, candles are drawn to oscillate around the mid-line in the range of -15 to +15.

This indicator uses green bars to show upward price movement and red bars for downward price movement. It also has multiple levels on the oscillator, which are placed at -12, -10, -8, -6, 6, 8, 10, and 12. The area between -6 and 6 represents the normal market range and is displayed in green. The area above +8 indicates overbought levels, while the area below -8 indicates oversold market conditions.

How Does the Value Chart Deluxe Edition Indicator Work? 💡

Click here to download and install The Value Chart Deluxe Edition  indicator.               

This indicator has an algorithm that normalizes price movements in the range of -15 to +15 and analyzes them precisely. It uses values from indicators like Market Value Added (MVA) and Average True Range (ATR) to calculate the necessary values for drawing candles.

The formulas used in this indicator are as follows:

• en = (Open – MVA Typical) / (ATR / ATRn)
• High = (High – MVA Typical) / (ATR / ATRn)
• Low = (Low – MVA Typical) / (ATR / ATRn)
• Close = (Close – MVA Typical) / (ATR / ATRn)
• Typical Price = (High + Low + Close) / 3

The color of the candles is typically derived from the open and close prices and generally follows the candles in the price chart.

How to Use the Value Chart Deluxe Edition Indicator in MT4 ⚙️

Click here to download and install The Value Chart Deluxe Edition  indicator.               

This indicator is available on the MetaTrader 4 (MT4) platform and has various settings that allow you to adjust different parameters. Some of these settings include:

• NumBars: This option specifies the number of candles used for the indicator’s calculations.
• Level Ranges and Colors: Users can adjust the color and level ranges for the indicator.

These settings allow you to customize the indicator according to your needs and preferences.

Buy Signal Using the Value Chart Deluxe Edition Indicator 📈

Click here to download and install The Value Chart Deluxe Edition  indicator.               

The Value Chart Deluxe Edition indicator can help you identify the right time to enter a buy trade. The buy signals work as follows:

When to Enter a Buy Trade:
When the oscillator candles reach the -8 level and then a green candle appears, you can enter a buy trade.

When to Exit the Buy Trade:
When the oscillator candles reach the +8 level, it’s time to exit the buy trade.

Sell Signal Using the Value Chart Deluxe Edition Indicator 📉

Click here to download and install The Value Chart Deluxe Edition  indicator.               

This indicator can also be used to identify the right time to enter a sell trade. The sell signals work as follows:

When to Enter a Sell Trade:
When the oscillator candles reach the +8 level and then a red candle appears, you can enter a sell trade.

When to Exit the Sell Trade:
When the oscillator candles reach the -8 level, it’s time to exit the sell trade.

The Value Chart Deluxe Edition indicator can be an effective tool for identifying short-term trend changes, especially when it aligns with long-term trends. This indicator can provide trading signals with relatively high accuracy, and within a short time, it can lead to profitability. Traders can use this indicator to find optimal entry and exit points for their trades and take advantage of market trends.