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Point and Figure charting with MT4

  • #61
  • Edited 2:48am Oct 29, 2017 1:24am | Edited 2:48am
https://www.forexfactory.com/showthr...41#post3353441 here he calculates for price projection.. but it is for forex... for all means very good..
i want that potential targets lines and support resistance lines and reversal box activity
Success is a Journey Not a Destination....... kind regards ramzam
  • #62
  • Edited 9:39am Oct 29, 2017 9:26am | Edited 9:39am
Quoting ramzam
kindly any one explain please ... {image}
A look at the code shows that it draws two boxes for up or down, one for the internal color, and one for the external outline (Blue). As the price range on the chart gets larger, the inside of the box gets smaller, until all that is left is the external blue outline. the solution is to either eliminate the outline (don't draw the outline box, comment it out, so there is no outline, or to make the boxes larger - which I see you have done by increasing the size to 500.
As for automatically eliminating the solid blue (solid outline color) display -
One way would be to detect the price range of the chart and to ensure the box size never gets to be less that some percentage of that.
Another way would be to detect the price range of the chart, and only draw the outline if the box size is larger than some minimum percentage of that range. The columns would become a solid up or down color with no box detail.
3rd way in the link you provided is a good idea as well - always make the box size as ATR.
  • #63
  • Oct 29, 2017 11:00am Oct 29, 2017 11:00am
Quoting lukeb
{quote} A look at the code shows that it draws two boxes for up or down, one for the internal color, and one for the external outline (Blue). As the price range on the chart gets larger, the inside of the box gets smaller, until all that is left is the external blue outline. the solution is to either eliminate the outline (don't draw the outline box, comment it out, so there is no outline, or to make the boxes larger - which I see you have done by increasing the size to 500. As for automatically eliminating the solid blue (solid outline color) display...
is ATR good idea?.. i read about this as pure price action.. so ATR mixing is not good i feel
and in this indicator reversal also is missing..
Success is a Journey Not a Destination....... kind regards ramzam
  • #64
  • Oct 29, 2017 11:59am Oct 29, 2017 11:59am
when ever i change the scrip the indicator working some time not responding... but when i close terminal it is always hanging and not responding. dont know why
Success is a Journey Not a Destination....... kind regards ramzam
  • #65
  • Oct 29, 2017 9:18pm Oct 29, 2017 9:18pm
Quoting ramzam
when ever i change the scrip the indicator working some time not responding... but when i close terminal it is always hanging and not responding. dont know why
As written, it takes a horrendous long time to calculate and display. As I understand P&F, I don' think it should be that resource intensive. Maybe I'll make my own version just to find out....
"so ATR mixing is not good i feel" ATR would just be used to establish a default box height (during OnInit), not mixed during execution.
  • #66
  • Edited 8:23pm Oct 31, 2017 7:50pm | Edited 8:23pm
Quoting lukeb
{quote} As written, it takes a horrendous long time to calculate and display. As I understand P&F, I don' think it should be that resource intensive. Maybe I'll make my own version just to find out.... "so ATR mixing is not good i feel" ATR would just be used to establish a default box height (during OnInit), not mixed during execution.
but please make in your version like this green lines and red lines for support and resistance and
potential targets like i drawn and alerts..... please bro... this PointFigureIndi yesterday given buy alert on tripple top pattern breakout so i took long in crudeoil..

this indicator draws patterns and alerts ... please consider all important points of patterns, reversal box, box size [price below100 , above 100 to 500, 500 to 1000 and , 1000 to 5000, and above 5000 to 10000, and 10,000 to 20,000 and 20,000 to 50,000.. ] and potential targets... on making your own version..
Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 Point-Figure-Indi.mq4   87 KB | 1,396 downloads
Success is a Journey Not a Destination....... kind regards ramzam
  • #67
  • Last Post: Nov 23, 2018 5:51am Nov 23, 2018 5:51am
Has anyone tweaked this indicators to show the target projection lines and to display volume as histogram under the columns?

Please do share. Thanks!
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