Value Chart Deluxe Forex Indicator MT4
How To Trade With The Value Chart Indicator For MT4
The above picture is how the Value Chart Deluxe indicator would look on your chart after installation. The indicator is recommended to be used in synergy with your regular trading strategy/indicators and not in isolation.
BUY Signal: First, wait for price action or other trading indicators to suggest a possible bullish move. BUY/LONG if the candlestick on the Value Chart Deluxe indicator’s sub-window is also in contact with the oversold region.
SELL Signal: The same principle also applies here. Wait for price action or other trading indicators to be poised to move to the downside. SELL/SHORT if the candlestick on the Value Chart Deluxe indicator’s sub-window is also in contact with the overbought level.
Conclusion
The Value Deluxe indicator for MT4 helps you identify and take advantage of market price movement extremes.