The Value Chart indicator based on Stendahl / Helweg theory's
[*] Stendahl interview wrote :
Traditional bar charts may not provide the information traders need to make appropriate trading decisions. Value Charts represent a market analysis tool that allow traders to trade stocks, bonds and futures with additional poise and confidence. It's a different view of the markets because they were developed to display the valuation of the market.
Parameters :
Period -- Period used for calculations.
MA Type -- Moving Average Type used for calculations :
1. Simple
2. Exponential
3. Time Series
4. Triangular
5. VIDYA
6. Weighted
7. Wilder Smoothing
Body Width -- Body thickness for candlesticks.
Default Colors -- Switches from default colors to OB/OS Highlight colors.
Overbought / Oversold Levels -- Defines OB/OS areas.
What are ValueChart ?
ValueChart are one of the most exciting New Market analysis tools available today, and here’s Why.
The most widely used Market analysis tool in the world is the Traditional price chart, which displays price in terms of cost. While these charts are very helpful for Analyzing the history of price action for a Market, they do not communicate any Information relating to the Value of a symbol
There are Three primary attributes of Price : Cost, Momentum, and Value.
ValueChart were created to Display price in terms of Value, or more specifically, Objective Value.
When Buying or Selling any asset or derivative, serious traders must concern themselves with market valuation.
ValueChart analyze recent transactional price history for a market and plot price within one of Five primary valuation zones, Significantly Overvalued, Moderately Overvalued, Fair Valued, Moderately Undervalued, and Significantly Undervalued.
With ValueChart, Traders and Investors can quickly and easily determine both the current and historical valuation for any exchange traded Market or OTC Market in the World, including Stock markets, FOREX markets, and Futures markets. Imagine the power of knowing that a Current Price level for a stock, for example, is significantly Overvalued or significantly Undervalued. With ValueChart this is now possible. ValueChart can be applied to both Intraday price charts (1 minute, 5 minute, 60 minute, etc) and end-of-day price charts (Daily, Weekly, Monthly).
Why use ValueChart ?
There are numerous trading indicators available on the Market. However there are very few that could be Characterized as game changing investment technology. ValueChart is game changing Technology.
The goal of every Trader is to maximize his or her advantage or edge when trading in the Markets.
ValueChart enables traders to quickly and easily understand the valuation of any Market in real-time. By having the ability to define Market valuation, ValueChart can potentially help traders identify strategic market entry and exit points to reduce their risk of exposure for a trade.
Furthermore, ValueChart can also help Traders identify high risk overvalued price level where traders would be well suited to stand aside. The potential applications of ValueChart are endless.
