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I updated the original post with a zip file containing the MQL file.
Today I decided to work on my “value” indicator a bit. Here is a screenshot from the latest version.
First we have the CCI version of the indicator. Lime is the actual price and White line is the value line.
It’s difficult to analyze when the pure price and the value lines are on the same axis. Best thing is to do is to limit the number of bars to a short range so I can see the short term value in reference to price. This is how that looks like.
It’s still a work in progress.
What I can tell you is that it’s based on the power indicator that I shared. Try to come up with creative ways of determining intrinsic value. What I have done is nothing complicated. Very simple but uses all 28 pairs to gauge the value and possible manipulations of price.
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Focus, Patience, Determination & Order in chaos