ChartMill Value

Developed by Dirk Vandycke, ChartMill Value indicator tracks how far the price spread is from its moving average. Since MA keeps increasing even when price consolidates or stalls, it is very difficult for the deviation from a moving average to remain in the overbought or oversold regions for extended periods, which represents a significant improvement over other oscillators such as the RSI and Stochastic indicators. This indicator is best used with other oscillators, to confirm signals. Zero line crossovers should also be considered as signals. This indicator will be able to colorize candles according to its trend (> 0 = up trend, < 0 down trend) and send alert when the zeroline is crossed.

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Manufacturer: nt8indicators

SKU: CHARTMILL

Vendor: nt8Indicators

$9.90

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