RE: Value Charts

["Trey Johnson" <dickjohnson3@xxxxxxxxxxxxxx>]

Hello Jim,
	For everyone that doesn't use TS8, here you go. First one is
Value Bands and the second is Value.
Trey

{coded by Bob Roeske bobrabcd@xxxxxxxxxxxxx 9/12/2003
based on Stendahl's value charts in the book "Dynamic Trading
Indicators"
This companion indicator to Value indicator plots the value zone bands
Mode(0) = Relative value, 
Mode(1)=Volatility adjusted value, 
Mode(2)=plots the +,-4 and +,-8 bands}
	
Inputs: Mode(2),{default plots straight bands +,-4 and +,-8}
		Len(5),   {used for value lookback length, try 21 for a
longer view}
		SDLen(20); {used for the standard deviation length, use
200 or more for longterm
		            that work out to the +,-4 and +,-8}
				
vars:
ValueRO(0),ValueRH(0),ValueRL(0),ValueRC(0),ValueO(0),ValueH(0),ValueL(0
),ValueC(0),Vfactor(0);
		
value1=average(0.5*(H+L),Len);

If mode=0 then begin
ValueC=c-value1;

plot1(2*stddev(ValueC,SDLen),"upper");
plot2(stddev(ValueC,SDLen),"umid");
plot3(-stddev(ValueC,SDLen),"lmid");
plot4(-2*stddev(ValueC,SDLen),"lower");
end;

If Mode=1 then begin
ValueC=C-value1;
Vfactor=0.2*AVERAGE(high-low,len);

If VFactor<>0 then
ValueC=ValueC/VFactor
else ValueC=0;

plot1(2*stddev(ValueC,SDLen),"upper");
plot2(stddev(ValueC,SDLen),"umid");
plot3(-stddev(ValueC,SDLen),"lmid");
plot4(-2*stddev(ValueC,SDLen),"lower");
end;

If mode=2 then begin
plot1(8,"upper");
plot2(4,"umid");
plot3(-4,"lmid");
plot4(-8,"lower");
end;


{Coded by Bob Roeske bobrabcd@xxxxxxxxxxxxx 9/12/2003
based on Stendahl's value charts in the book "Dynamic Trading
Indicators"
Mode(0) = Relative value, 
Mode(1)=Volatility adjusted value, 
This indicator is used with the companion ValueBands indicator
Len in both indicators should be the same value}
	
Inputs: Mode(1),
		Len(5);   {used for value lookback length, try 21 for a
longer view}
				
vars:
ValueRO(0),ValueRH(0),ValueRL(0),ValueRC(0),ValueO(0),ValueH(0),ValueL(0
),ValueC(0),Vfactor(0);
		
value1=average(0.5*(H+L),Len);

{Relative value}
If Mode=0 then begin
ValueO=O-value1;
ValueH=H-value1;
ValueL=L-value1;
ValueC=c-value1;

    plot1(valueO,"O");
    plot2(valueH,"H");
	plot3(valueL,"L");
	plot4(valueC,"C");
end;

{volatility adjusted value}
If Mode=1 then begin
Vfactor=0.2*AVERAGE(high-low,len);

ValueO=O-value1;
ValueH=H-value1;
ValueL=L-value1;
ValueC=c-value1;

If VFactor<>0 then
ValueO=ValueO/VFactor
else ValueO=0;

If VFactor<>0 then
ValueH=ValueH/VFactor
else ValueH=0;

If VFactor<>0 then
ValueL=ValueL/VFactor
else ValueL=0;

If VFactor<>0 then
ValueC=ValueC/VFactor
else ValueC=0;

	plot1(valueO,"O");
    plot2(valueH,"H");
	plot3(valueL,"L");
	plot4(valueC,"C");
end;


-----Original Message-----
From: Jim. [mailto:jim_booner@xxxxxxx] 
Sent: Wednesday, November 10, 2004 6:35 AM
To: omega-list@xxxxxxxxxx
Subject: Value Charts


Hello,

does someone know how to build Value charts by David Stendahl?
I found his presentation on www.landmarkassetmanagement.com/home.htm
or maybe someone knows if he explains in his book how to build these
charts/indicator in tradestation.

thanks Jim