# Value Chart [TMC]

จำนวนเข้าชม 7310
*** April 20, 2015 - NEW UPDATE ***

April 10, 2015 - Updated version of Value Chart - candles draw correctly now.
Requires cover layer to be set as same color as your background. (white in default)

I hope you will enjoy it. :)
```//Created by TheMightyChicken
//Based on LazyBear's Value Chart
study("Value Chart [TheMightyChicken]", shorttitle="VC")
// Inputs
length = input(5, title="Number of bars")
extTop = input(8, title="Extreme level top")
extBot = input(-8, title="Extreme level bottom")
// Value Chart Calculations
prev(s,i) =>
y=abs(round(i))
s[y]
varp = round(length/5)
h_f = length > 7
vara=h_f ? highest(high,varp)-lowest(low,varp) : 0
varr1 = h_f ? iff(vara==0 and varp==1,abs(close-prev(close,-varp)),vara) : 0
varb=h_f ? prev(highest(high,varp),-varp+1)-prev(lowest(low,varp),-varp) : 0
varr2 = h_f ? iff(varb==0 and varp==1,abs( prev(close,-varp)-prev(close,-varp*2) ),varb) : 0
varc=h_f ? prev(highest(high,varp),-varp*2)-prev(lowest(low,varp),-varp*2) : 0
varr3 = h_f ? iff(varc == 0 and varp==1,abs(prev(close,-varp*2)-prev(close,-varp*3)),varc) : 0
vard = h_f ? prev(highest(high,varp),-varp*3)-prev(lowest(low,varp),-varp*3) : 0
varr4 = h_f ? iff(vard == 0 and varp==1,abs(prev(close,-varp*3)-prev(close,-varp*4)),vard)  : 0
vare = h_f ? prev(highest(high,varp),-varp*4)-prev(lowest(low,varp),-varp*4) : 0
varr5 = h_f ? iff(vare == 0 and varp==1,abs(prev(close,-varp*4)-prev(close,-varp*5)),vare) : 0
cdelta = abs(close - prev(close,-1))
var0 = (not h_f) ? iff((cdelta > (high-low)) or (high==low),cdelta,(high-low)) : 0
lrange=h_f ? ((varr1+varr2+varr3+varr4+varr5)/5)*.2 : sma(var0,5)*.2
mba = sma( (high+low)/2,length)
vOpen = (open-mba)/lrange
vClose = (close-mba)/lrange
vHigh = (high-mba)/lrange
vLow = (low-mba)/lrange
// Body Calculations
bodyHigh = vOpen>vClose ? vOpen : vClose
bodyLow = vOpen<vClose ? vOpen : vClose
body0 = (vOpen>0 and vClose>0) or (vOpen>0 and vClose<0) ? bodyHigh : (vOpen<0 and vClose<0) or (vOpen<0 and vClose>0) ? bodyLow : 0
body1 = vOpen<0 and vClose>0 ? bodyHigh : vOpen>0 and vClose<0 ? bodyLow : 0
bodyCover = vOpen>0 and vClose>0 ? bodyLow : vOpen<0 and vClose<0 ? bodyHigh : 0
// Wick Calculations
wick0 = vHigh>0 ? vHigh : vLow
wick1 = vHigh>0 and vLow<0 ? vLow : vHigh
wickCover = vHigh>0 and vLow>0 ? vLow : vHigh<0 and vLow<0 ? vHigh : 0
// Plots
vcolor = vClose>extTop ? lime : vClose<extBot ? red : silver
top_l = plot(extTop, title="Extreme Top Line", color=silver)
bot_l = plot(extBot, title="Extreme Bottom Line", color=silver)
fill(top_l, bot_l, black, transp=95)
plot(body0, linewidth=3, color=vcolor, style=histogram)
plot(body1, linewidth=3, color=vcolor, style=histogram)
plot(bodyCover, linewidth=3, color=white, style=histogram)
plot(wick0, linewidth=1, color=vcolor, style=histogram)
plot(wick1, linewidth=1, color=vcolor, style=histogram)
plot(wickCover, linewidth=1, color=white, style=histogram)
```

## ความคิดเห็น

What is S and I here? prev(s,i) =>
y=abs(round(i))
s
Thanks.
ตอบกลับ
I will appreciate if you can some information on how to interpret this indicator! thanks!
ตอบกลับ
dawarravi
There are 100s of videos on youtube, Search for Mark Helweg Value Charts. you can watch the entire series of Marketing videos.
ตอบกลับ
Last version of value chart. You can set your own length from now. :)
ตอบกลับ
ตอบกลับ
Hollow candles version. Play with fix value to adjust pixels. ;)
source code: http://pastebin.com/hFkY3NB3
ตอบกลับ
*** 20.4.2015 - NEW UPDATE ***