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- (3.16 KiB) Downloaded 1491 times
