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Hi,
I recently downloaded a great little efs that draws the "Helweg/Stendahl Value Chart" on my charts. However, I can't seem to find any documentation regarding how to interpret specific elements it draws.
Specifically, how should I interpret the red and green dots on the Value Chart bars? I know what it means to have the bars hit the +4/-4 and +8/-8 areas (i.e., somewhat or very OB/OS), but what more information do the red and green bars represent, if anything?
Any help would be greatly appreciated.
Thanks.
I recently downloaded a great little efs that draws the "Helweg/Stendahl Value Chart" on my charts. However, I can't seem to find any documentation regarding how to interpret specific elements it draws.
Specifically, how should I interpret the red and green dots on the Value Chart bars? I know what it means to have the bars hit the +4/-4 and +8/-8 areas (i.e., somewhat or very OB/OS), but what more information do the red and green bars represent, if anything?
Any help would be greatly appreciated.
Thanks.