Value Chart Oscillator Signals with Stochastic and Keltner Channel Filters

Summary

The Value Chart is presented as a detrended price oscillator: readings farther above or below its center are framed as possible reversal zones. The indicator offers adjustable bar and wick display, overbought and oversold bands, alerts, and external access to chart values. It is designed to supplement another strategy rather than act alone, and the author describes pairing it with a stochastic oscillator. Suggested reversal setups combine extreme Value Chart readings with stochastic movement around the 80 or 20 levels; a separate quick setup recommends adding a Keltner Channel.

The document describes indicator settings and software updates, including a fix for drawing beyond the current bar and a configurable historical display range. It reports one week of backtesting and forward testing for the drawing fix, while acknowledging that the backtest still had an issue; it provides no systematic trading results. The signal thresholds and binary-options example are author suggestions, not established evidence of predictive value. Users would need to test the indicator and combinations on their own markets, timeframes, and execution assumptions.

Key ideas

• The Value Chart is described as a detrended oscillator whose extreme readings may precede reversals.
• The suggested setups combine extreme oscillator levels with stochastic signals near the 80 or 20 zones.
• A Keltner Channel is recommended as an additional indicator in a separate quick setup.
• The indicator includes adjustable display bands, alerts, and external access to its values.
• The author reports a drawing fix but provides no systematic evidence that the trading signals are profitable.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.