Value Charts by David Stendhal

[Elliott Wave]

I added on option to display the current market condition similar to the AscTrend indicator and also the option for an alert on OB/OS conditions.

Between -4 and +4 is green in color and labeled as "fair value" Between +4 to +8 and -4 to -8 are gold in color and considered "moderately overbought" and "moderately oversold". Above 8 or below -8 is labeled in red and labeled "significantly overbought" and "significantly oversold".

Perhaps it will be useful to somebody.

[Elliott Wave]

This indicator wouldn't work in strategies. It should be fixed now.

A few ideas for future improvements:
-Selectable MA type
-Back color/bar color changing based on OB/OS conditions.
...

[roonius]

Fixed - working in startegies:
Added option to change background color

[ctrlbrk]

You two guys are awesome. I think you should start a professional business writing indicators and make some money. I hope you will give me a free pass for giving you such a brilliant idea! lol

[TAJTrades]

roonius,

Nice work with the value charts. I was wondering if you could post the source file. I was going to make some color changes to the background so these eyes could see them better. If not I understand.

Thanks

[roonius]

It's posted

[roonius]

Totaly redesigned with plot override:

Now you have a choice to display as OHLC, HiLo, Candlestick or line on Close.
It grabs main chart's bar colors or you can set your own

[NinjaTrader_Bertrand]

Roonius,

Thanks for your work and posting, great job!

[FatCanary]

Roonius

Yes, excellent work. Many thanks.

Is there a way to get the current value to overlay the high/low value?
It tends to get obscured. Thanks.

[roonius]

Roonius

Yes, excellent work. Many thanks.

Is there a way to get the current value to overlay the high/low value?
It tends to get obscured. Thanks.

Yes, sure.
Thanks for noticing...

[FatCanary]

Roonius

You certainly don't hang around, do you?

Many thanks for that, much appreciated.

[Edwin]

Yes, sure.
Thanks for noticing...

Hi What is the difference between the Value Chart file that is in the "Indicator" section of the forum and the one posted here? Are they the same?

[roonius]

Hi What is the difference between the Value Chart file that is in the "Indicator" section of the forum and the one posted here? Are they the same?

See post #14

[pgabriel]

Value Charts in Strategy Wizard

I tried to use CLS71's Value Chart (downloaded from the "Indicators" page in the forum) in the Strategy wizard but it does not seem to work...Is there a way to modify the code such that it can be used in a wizard created strategy...?

[rashmo]

Value Charts in Strategy Wizard

Hi Guys
New to your forum, can the value chart be converted for Amibroker software?