Stocks & Commodities V. 31:8 (48-50): Product Review: ValueCharts by Barbara Star, PhD

Stocks & Commodities V. 31:8 (48-50): Product Review: ValueCharts by Barbara Star, PhD
Item# V31C08_603PRVA
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Product Description

Product Review: ValueCharts by Barbara Star, PhD


3737 Glenwood Ave., Suite 100, Raleigh, NC 27612

Phone: 919 827-0009 Internet:

Product: Indicators that assess price valuation in any time frame

System requirements: NinjaTrader, TradeStation, MultiCharts, eSignal, TD Ameritrade’s thinkorswim, or Bloomberg platforms

Price: Small, medium, and large indicator bundles ($499/$999/$1,999)

The search for fair value embraces the notion of reasonable pricing between buyer and seller. But traders often want better than fair pricing when they buy or sell. ValueCharts offers indicators based on algorithms that help determine price valuation. This enables traders to assess the fair value of a stock, commodity, or currency prior to entry or exit and to identify whether price is overvalued or undervalued. It brings another dimension to trading that I think of as value trading.

Where are the bargains?

Like value investors, such as Warren Buffett, many value traders are bargain hunters. They look for tradable symbols that are underpriced in relation to their worth. But, unlike value investing methods, ValueCharts does not use subjective criteria from rating services or fundamental data to determine under- and overvaluations. Instead, ValueCharts establishes its valuations by applying proprietary algorithms to historical transactional price activity. These algorithms analyze the price activity over various lookback periods and create a floating value axis. Using a floating value point rather than a fixed one allows for valuations that adapt to changing market conditions in real time.

The indicators in ValueCharts incorporate dynamic volatility units that expand and contract with price. They detect statistically significant areas from which price leaves a fair value range and enters a zone that represents a better buying or selling opportunity. Plus, they do this in any time frame.

Together, historical transactional price activity and dynamic volatility units combine to offer traders defined fair value zones along with the degree to which price is outside of the fair value range. According to Mark Helweg, president of MicroQuant and creator of ValueCharts, this product offers an objective method for determining the fair price of a trade, much like the Kelley Blue Book provides an objective basis for determining the fair price of a car.

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