Value Charts Indicator

The Value Charts Indicator for MT5 is a powerful tool that helps Forex traders anticipate potential trend reversals by plotting overbought and oversold levels in a separate indicator window. Featuring green and red candles, as well as visual arrows for trading signals, this indicator allows traders to identify the best entry points for buy or sell positions. It’s suitable for both beginners and experienced traders who wish to improve timing and accuracy in their trades.

How the Value Charts Indicator Works

The indicator creates an additional value chart below your main price chart. Key features include:

Green Candles: Bullish market sentiment

Red Candles: Bearish market sentiment

Oversold Level: Red line signaling potential price reversal

Overbought Level: Green line signaling potential trend exhaustion

Trading Arrows: Indicate buy or sell signals based on market conditions

When price reaches these levels, traders can anticipate a reversal and plan trades accordingly.

Trading Signals and Strategy

The Value Charts MT5 Indicator generates signals that must be confirmed with price action for optimal results.

Buy Setup

Candles reach the oversold level (red line)

Observe price action to confirm trend reversal

Enter a buy trade

Place a stop-loss below the previous swing low

Manage profit using a proper risk-reward ratio, as the indicator does not provide a target

Sell Setup

Candles touch the overbought level (green line)

Confirm reversal through price action

Enter a sell trade

Place a stop-loss above the previous swing high

Set profits using your preferred risk-reward management

Best Practices

Use Value Charts as part of a broader trading strategy.

Combine with other indicators like RSI, MACD, or trend analysis for higher accuracy.

Works on all timeframes—from intraday charts (M1, M15, H1) to daily, weekly, and monthly charts.

Ideal for both beginners learning overbought/oversold trading and advanced traders designing complex strategies.

Conclusion

The Value Charts Indicator for MT5 is a reliable oscillator that visually identifies overbought and oversold conditions, helping traders anticipate trend reversals. While it doesn’t provide exact profit targets, it serves as a powerful tool when used with price action confirmation or other technical indicators. Best of all, it’s free to download and easy to install, making it a must-have addition to your MT5 trading toolkit.

Visit IndicatorForest.com to download the Value Charts Indicator and improve your trading precision today.