What is the Value Chart Deluxe Indicator for MT4?

The Value Chart Deluxe Indicator for MT4 is a powerful tool that can help you make informed trading decisions. It uses indicators and patterns to provide insight into the market, helping you identify opportunities and avoid potential risks.

Value Chart Deluxe Indicator

Download Free Value Chart Deluxe Indicator

The indicator works by scanning through different periods (historical data), looking for patterns indicating when prices are likely to change direction. It provides valuable information on trends and volatility, so you can make better decisions while trading Forex markets.

How to use the Value Chart Deluxe Indicator for MT4?

First, open your MT4 account and click on the “Indicators” tab to get started with the indicator. Then select “Value Chart Deluxe” from the list of available indicators. You will then be able to set up your filters to see only the data that matches your criteria. Finally, start tracking historical values using one of the provided timeframe options (30-, 60- or 120-minute intervals). The more often you use this indicator, the better prepared you’ll be for making profitable trades!

Value Chart Deluxe Indicator MT4 trading settings

-Select the time frame that best suits your needs. The default setting is daily, but you can choose weekly or monthly.

-Choose which indicators you want to use. This includes moving averages (MA), Fibonacci retracements (Fibonacci Retrace 1 and 2), MACD, RSI, and Bollinger Bands.

-Set up trade conditions using stop-loss limits and profit targets. You can also specify whether or not conditional stops will be triggered in case of price swings outside your desired range.

-Add candles as trendlines if you want more detailed information about current trends. Candlestick shapes will change color according to whether the movement is up or down, making it easier for you to make informed trades accordingly!

Value Chart Deluxe Indicator Advantages

-It’s easy to use – drag and drop indicators onto the chart to start. The hand will automatically update as new data is available.

-It’s reliable – the forex Value Chart Deluxe Indicator has been developed using advanced technical analysis methods proven to work over time.

-It provides objective feedback – the indicator displays relevant information in an easily digestible format, so you can take action quickly and confidently based on what you’ve learned.

Value Chart Deluxe Indicator Disadvantages

Forex Value Chart Deluxe Indicator is a popular forex trend indicator that has been around for some time. However, there are several disadvantages to using this type of indicator. Here are four of the most common:

1) It can be challenging to understand and use.

2) It is inaccurate in certain situations.

3) It can lead to overtrading.

4) It can be misleading when used improperly

VCD Indicator installation on MT4

To install the Value Chart Deluxe Indicator on the MT4 platform, follow these steps:

  1. Download the indicator from a reliable source
  2. Open MT4 and click on the “File” menu
  3. Select “Open Data Folder”
  4. Go to the “MQL4” folder and then to the “Indicators” folder
  5. Copy and paste the downloaded indicator file into the “Indicators” folder
  6. Close MT4 and then reopen it
  7. Go to the “Navigator” window and select “Indicators.”
  8. Find the Value Chart Deluxe Indicator and drag it onto your chart.

Note: Ensure that the MT4 platform is updated to the latest version to avoid compatibility issues with the indicator.

Value Chart Deluxe Indicator mt4

Value Chart Deluxe Indicator mt4 free download


The Value Chart Deluxe Indicator is a reliable and popular forex trend indicator that can help you make informed decisions while trading. However, there are several disadvantages to using this type of indicator, such as its difficulty in understanding and use and the potential for overtrading.

Author: Dominic Walsh

I am a highly regarded trader, author & coach with over 16 years of experience trading financial markets. Today I am recognized by many as a forex strategy developer. After starting blogging in 2014, I became one of the world's most widely followed forex trading coaches, with a monthly readership of more than 40,000 traders! Make sure to follow me on social media: Instagram | Facebook | Linkedin | Youtube| Twitter | Pinterest | Medium | Telegram Channel | Quora | Reddit

Leave a Comment