CHT Value Chart V2.5.3 Indicator Review: 2025 Strategy, Settings & Free Download (MT4 + MT5) CHT Value Chart V2.5.3 Indicator Review: 2025 Strategy, Settings & Free Download (MT4 + MT5)

Introduction: Seeing "Real Value" in Distorted Markets

Have you ever looked at a rapidly rising chart and thought, "It's too expensive to buy now" only to see it rise another 100 points? Or did you try to buy the dip, only to find that the “dip” was actually the beginning of a crash?

The problem is not your eyes; Here is the chart. A standard candlestick chart shows you Price , but not Value .

The CHT Value Chart V2.5.3, both MetaTrader 4 and MetaTrader 5 solve this problem by removing the trend. It presents price action in a "detrended" window, allowing you to see exactly when an asset has been mathematically "overpriced" or "underpriced" relative to its recent history.

If you are a reversal trader or a "buy low, sell high" swing trader, this tool is your X-ray vision.

What is CHT Value Chart V2.5.3?

The CHT Value chart is not a standard oscillator like RSI or Stochastic.

• Stochastic flattens prices into percentages (0 to 100).
• CHT Value Chart plots actual Candlesticks in a separate window.

It uses a complex algorithm to calculate a "floating average" of prices and then plots the current candle's distance from that average.

The Visuals:

• The Candlesticks: Within the bottom window you can see red (bearish) and green (bullish) bars. These represent volatility relative to value.
• The Zones:
  • Upper level (red line): represents the "overbought" area (usually set at +6 or +8). The price here is very expensive.
  • Lower level (green line): represents the "oversold" area (usually set to -6 or -8). The prices here are very cheap.

The Logic: Markets are like rubber bands. When a CHT candle touches the upper or lower line, the rubber band is stretched to its limit and a bounce is statistically likely.

Value Charts and RSI: Why Upgrade?

Many traders ask, “Why not just use the RSI?”

Verdict: The CHT Value Chart is superior as it allows you to use price action patterns directly within the oscillator window.

Review: Pros and Cons

Below are our real test results after running them on MT4 and MT5 charts.

✅ PROS (The Good)

• Dual Platform: We like developers to provide documentation for both MT4 and MT5 .
• Detrended View: It helps you spot "divergences" more easily than standard charts.
• Universal: Suitable for everything from Cryptocurrencies (Bitcoin) to Forex to Stocks.
• Pinpoint Entries: You can enter the position exactly when the "value candle" hits this line, thereby reducing drawdowns.

❌ CONS (The Bad)

• “Train Wreck” Risk: During a super strong trend (such as a market crash), the value chart will remain in “oversold” territory for an extended period of time. Buying early here is dangerous.
• Learning Curve: Reading candlesticks in a subwindow takes some getting used to.

Strategy: The “Value Trap” System

The biggest mistake traders make using this indicator is buying just because the bar touches the green line. Do not do this. You will catch a falling knife.

In order to filter out false signals, we need a Trend Filter . We will use the 200 Exponential Moving Average (EMA) on the main chart.

Settings and Settings

1. CHT Value Chart V2.5.3: Default settings (+/- 8 levels are usually best for volatility).
2. 200 EMA: applied to closing (main chart).
3. Timeframe: H1 or H4 (highest accuracy).

1. “Value” purchase settings

We want to buy cheap assets, but only if the long-term trend is upward.

1. The Filter: The price on the main chart must be ABOVE the 200 EMA .
2. The Setup: Waiting for a price correction (downward).
3. The Trigger: View the CHT value chart window. A Value Candle must touch or pierce below the green line (oversold) .
4. The Confirmation: Wait for the candle to close. Ideally, it should leave a wick (tail) at the bottom, indicating rejection.
5. Entry: Buy the next candle at the opening.
6. Stop Loss: Below recent swing lows.
7. Take Profit: The target is the 200 EMA or the upper red line on the value chart.

2. “Value” sales setup

We want to sell expensive assets, but only if the long-term trend is down.

1. The Filter: The price on the main chart must be BELOW the 200 EMA .
2. The Setup: Wait for the price to rise (rebound).
3. The Trigger: View the CHT value chart window. A Value Candle must touch or pierce the red line (overbought) .
4. The Confirmation: Wait for the candle to close. Look for the wick at the top.
5. Entry: Sell the next candle at the opening.
6. Stop Loss: Above recent swing highs.
7. Take Profit: The target is the 200 EMA or the lower green line.

Pro Tip: If the CHT value candle is a giant "Marubozu" (no wick) crossing the line, WAIT . The momentum is too strong. Wait for smaller candles or reversal patterns before entering.

Indicator Settings: MT4 vs MT5

When you install an indicator, the inputs are usually the same for both platforms.

1. Period (default: 5):
   • This controls how many candles are used to calculate the "value".
   • Tweak: Keep it at 5 for scalping. Increase to 10 or 14 for Swing Trading to reduce noise.
2. Overbought/oversold levels:
   • Default: Usually set to about 7 or 8.
   • Tweak: If you receive too many signals, widen the gap (for example, set to 9 and -9). If you're not getting enough signal, narrow the range (e.g. 6 and -6).

How to install (MT4 and MT5)

Since we offer both versions, please make sure you install them in the correct folder.

For MT4:

1. Download the .ex4 file.
2. Go to File > Open Data Folder > MQL4 > Indicators .
3. Paste the file.

For MT5:

1. Download the .ex5 file.
2. Go to File > Open Data Folder > MQL5 > Indicators .
3. Paste the file.

Restart the terminal after pasting!

Frequently Asked Questions: Frequently Asked Questions

Q: Can the MT4 version be used on MT5?

Answer: No need. MT4 uses the MQL4 language, and MT5 uses the MQL5 language. They are not compatible. Make sure to download the correct file for your platform from the link below.

Q: Will the CHT value chart be redrawn?

A: The "Value" bar behaves like a normal candle. They move when the time range is valid. Once the candle closes, the high, low, open and close prices of that value bar are fixed. It does not redraw historical data.

Q: Why is my value chart empty?

A: This sometimes happens if your historical data is incomplete. Right-click on the chart and select "Refresh" or switch the time range to force it to reload.

Final verdict: Is it worth using?