Value Chart Indicator in OEC Trader

[brownsfan019 17]

daedalus uses the Value Chart in his trading and a few of his posts demonstrate this (example and example). In my search for improving exits, I put the Value Chart (VC) on my Open ECry charts. Attached is the code and screenshots of how I plot it.

 

Thanks to BluRay for his help as always! The best coder on TL!

 

MAIN WINDOW SETTINGS I USE:

 

 

 

WHEN YOU CLICK ON COLLECTION, SETTINGS I USE:

 

 

 

HOW IT SHOULD PLOT:

 

 

 

Code is attached in a txt doc. Open it up, copy and paste into OEC trader. Here's how to do that if you don't know:

 

1) Right click on chart > Indicators > Show Library

2) Click top left > Easy Language Indicator

3) Delete what is there

4) Paste code

5) Right click compile

6) Save and should be ready for use

 

Again, thanks to daedalus & BluRay for their help.

Value Chart for Open ECry.txt

[brownsfan019 17]

If you want an idea of how to use this in your trading (entry and/or exit), daedalus describes it well in this post.

 

Personally I am testing out on timing my exits better.

 

Here's what I showed in a p/l post:

 

 

Here I was long into a swift move up grabbing a bunch of stops along the way which then pushed the VC into the +8 extreme. After that was penetrated I then watched the following prints and if a HH was not made, I flattened which I did in this example. Had a HH printed then I would have repeated the process.