Value Charts V1 NT8b9

Promoted by David Stendahl in
'Dynamic Trading Indicator: Winning with Value Charts and
Price Action Profile'.
Popularized by the Hubert Senters from TTM.

Stendahl says:
"Value Charts use
dynamic volatility units to effectively adjust to changing market volatility."

Concept:

The value chart is divided into zones.
4 to -4 is fair value. Avoid buying/shorting here.
4 to 8 is overbought/expensive.
-4 to -8 is oversold/good value.

Strategies are to fade the Value Chart extremes in a choppy market, and to buy dips (-8) in an uptrend.

PDF of Stendahl interview included in .zip file, so you must extract the file first before importing!