Valuation Lines

The Valuation Lines indicator displays a line representing the average of the visible prices in the chart. It also allows you to display lines for 1-3 standard deviations away from the average type.

Configuration Options

• Field: Price or combination of prices to use as the base for average calculations. Possible values include:
  • Open
  • High
  • Low
  • Close
  • Adjusted Close
  • HL/2 \( \left ( \frac{High + Low}{2} \right ) \)
  • HLC/3 \( \left ( \frac{High + Low + Close}{3} \right ) \)
  • HLCC/4 \( \left ( \frac{High + Low + Close + Close}{4} \right ) \)
  • OHLC/4 \( \left ( \frac{Open + High + Low + Close}{4} \right ) \)
• Average Type: Type of average calculation to use:
  • Mean
  • Median
  • Harmonic
• Display Average: Whether to display the average line.
• Display 1 Standard Deviation (1o): Whether to display the first standard deviation line.
• Display 2 Standard Deviation (2o): Whether to display the second standard deviation line.
• Display 2 Standard Deviation (3o): Whether to display the third standard deviation line.
• Color Selectors: Colors to use for graph elements.
• Display Axis Label: Whether to display the most recent value on the Y axis.

Formula

VL = Average of Visbile Prices