Point and Figure Charts

Quoting Freewheelin

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Hi Traders,

recently I read a book of John J. Murphy - Technical Analysis of the Financial Markets.

There's is a fascinating chapter about point and figure charts. It could be a helpful tool to analyze the forex market, and powerful too because no one uses them...

Well, I made a research on FF and strategybuilderfx.com and forex-tsd. But unfortunately it seems that there is no script or indicator (call it as you like) for point and figure charts to use on MT4. I found one, but the manual for that indicator was in russian. Okay, I learned some russian decades ago - but it seems it was not enough
This russian code seems to work but it has a strange behavior. Attached you'll find the one I've found. To be honest - I don't understand what this indi is doing on the chart.

Then it was told, that VT Trader offers point and figure charts. Okay, made a download - and was a little disappointed. The look back period on that demo was not worth to call it as look back.

Now back again at FF with a request: Is there someone out there who's using point and figure on MT4 and is willing to share the code or indicator with us?

Thanks

Freewheelin

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Quoting lucidlamp

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Hi Freewheelin,

I've been thinking of P&F charts lately and I was thinking of tackling the project of creating one for MetaTrader. I still can't get get a visual of it (the P&F) nor the way it can be translated effectively into Metatrader. I will check this MQ4 file though. Thanks for posting it.

Regards,
lucidlamp

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Quoting forexsaint

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See THIS TOO

(I also found it using the forum search facility)

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