The Value Chart indicator normalizes price action into a statistical oscillator, revealing when markets reach extreme conditions beyond normal volatility ranges. By calculating price deviation from a floating axis relative to local volatility, it transforms OHLC data into standardized values to indicate extreme overbought and oversold conditions.
Key Features:
-Statistical Price Normalization: Converts raw price to volatility-adjusted values
-Multi-Timeframe Engine: Analyze any timeframe while displaying on current chart
-Dynamic S/R Detection: Auto-calculates support/resistance from price action profile
-11 Color Themes: Professional templates via Quantum Color Themes integration
-Custom Candle Rendering: Adjustable wick/body width with theme-based coloring
-Alerts: Sound, mobile push, and email notifications
-Configurable TF Label: Position, font, and size customization
-Performance Optimized: Limits calculation to specified bars (default 500)
Original idea by Thierry Chappuis
Sep 7 Update, download it again.
-Added Divergences (working only on current timeframe) *experimental*
