Tuesday, June 2, 2009

Scalper Value Chart






If you like the TTM Value Chart, then you definitely should check this one out.

Scalper Value Chart is in the same class of indicators as the TTM Value Chart and that's where the similarity ends.

DSP (digital signal processing) and MarketProfile comprise the back bone of this new value chart indicator. Dynamically the variables are constantly being updated to plot the relationship of price to the point of control. It is possible to select different signal ratios to customize the plotted display.

There is also the ability to turn on/off Bollinger bands. This allows you to find statistical extremes. The Bollinger bands can also be interpreted as a dynamic over sold, over bought lines.

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