Value Chart Indicator
Author: mgreco19
Creation Date: 2/2/2018 2:18 AM
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mgreco19

#1
Is the Value Chart Indicator available? This is an overbought/oversold indicator. I wasn't able to find this while searching the indicator library or forums.

https://quantstrattrader.wordpress.com/2014/08/23/vci-the-value-charts-indicator/

http://www.tradesignalonline.com/en/lexicon/view.aspx?id=Value+Charts+Indicator
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Eugene

#2
Here you have it. My rendition is based on this code (the histogram) and this code for pseudo OHLC.

CODE:
Please log in to see this code.
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Eugene

#3
I had thought about including this into Community Indicators but having noticed how heavily this simple stuff is covered with various ®, ℠ and ™ trademarks I quickly discarded the idea. Been there done that.
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mgreco19

#4
Thanks for providing this!
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Eugene

#5
Always a pleasure.