Chartmill Value Indicator

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Chartmill Value Indicator

Postby Apprentice » Sun Mar 31, 2013 6:13 am

cvi.gif

The Chartmill Value Indicator as described in January 2013 issue of Technical Analysis of Stocks and Commodities. The CVI represents a standardized deviation from a moving average.
Chartmill Value Indicator
Value Consensus
(VC) = MA of Median Price
Chartmill Value Indicator
CVI = (Close – VC) / ATR
Modified Chartmill Value Indicator
(MCVI) = (CClose – VC) / (ATR * (Period ^ 0.5))
CVI.mq4
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