
Value Chart Deluxe Forex Indicator for MT4
How to Use the Value Chart Indicator for MT4
The image above shows how the Value Chart Deluxe indicator appears on your chart after installation. It is recommended to use this indicator in conjunction with your regular trading strategy and other indicators, rather than in isolation.
BUY Signal: First, wait for price action or other trading indicators to suggest a potential bullish move. Enter a BUY/LONG position if the candlestick in the Value Chart Deluxe indicator’s sub-window is also touching the oversold region.
SELL Signal: The same principle applies here. Wait for price action or other trading indicators to indicate a potential downward move. Enter a SELL/SHORT position if the candlestick in the Value Chart Deluxe indicator’s sub-window is also touching the overbought level.
Conclusion
The Value Chart Deluxe indicator for MT4 helps you identify and capitalize on extreme market price movements.