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long term point and figure charts

  • #61
  • Mar 20, 2010 4:38am Mar 20, 2010 4:38am
Quoting Superscalper
he alredy post it

and here is another one

thank u
what ever you don't download this indicator. I downloaded it and it caused my metatrader to freeze. then I removed it and now things don't work the same. i will probably have to uninstall and reinstall my metrader now.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #62
  • Jun 23, 2010 7:21pm Jun 23, 2010 7:21pm
Quoting mikkom
Here is one other indicator that might be of interest if you are interested in p&f, I did it some time ago - it shows p&f in the main chart as a channel.
This indicator is the bee's knees.
  • #63
  • Jul 18, 2010 3:04am Jul 18, 2010 3:04am
Interbank FX have changed to 5 decimals from 4 and now this indicator does not work correcly anymore, any ideas where we can find one that works with 5 decimals?
  • #64
  • Jul 19, 2010 10:55pm Jul 19, 2010 10:55pm
Hiya, have been wanting to start learning P&F. Mr. Wyckoff used these for intra-day trading I believe. Am I correct in assuming that we would buy or sell on these lines? One more question if I may, does anyone have/know of any reference materials for P&F trading? Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: eu_pandf.png Size: 5 KB
Speculator is just a fancy word for gambler
  • #65
  • Jul 19, 2010 11:03pm Jul 19, 2010 11:03pm
Ooooooops, I think my sell line should be a box above
Attached Image (click to enlarge)
Click to Enlarge Name: eu_pandf_2.png Size: 5 KB
Speculator is just a fancy word for gambler
  • #66
  • Jul 20, 2010 2:17am Jul 20, 2010 2:17am
Quoting redevo
Hiya, have been wanting to start learning P&F. Mr. Wyckoff used these for intra-day trading I believe. Am I correct in assuming that we would buy or sell on these lines? One more question if I may, does anyone have/know of any reference materials for P&F trading? Thanks!
Scrap that assumption, the trend was up so I'd be buying only. I think I got it now.
Speculator is just a fancy word for gambler
  • #67
  • Jul 20, 2010 7:14am Jul 20, 2010 7:14am
I made a couple of cosmetic changes to the PointAndFigure indicator in post #1. Nothing fancy, just a custom box border color setting and a current price line that can be turned on or off.

The FXI indicator appears to be a decompiled version of the original. Not sure if that's allowed on here
Attached Image (click to enlarge)
Click to Enlarge Name: p&f.png Size: 5 KB
Attached File(s)
File Type: mq4 PointAndFigure.mq4   8 KB | 644 downloads
Speculator is just a fancy word for gambler
  • #68
  • Jul 20, 2010 7:29am Jul 20, 2010 7:29am
First long trade stopped out at +5.

Just got in short, let's hope she's a runner.

Thanks for sharing the method Gambler, nice 'n' easy. I like it like that.
Attached Image (click to enlarge)
Click to Enlarge Name: eu_p&f.png Size: 2 KB
Speculator is just a fancy word for gambler
  • #69
  • Aug 10, 2010 6:04pm Aug 10, 2010 6:04pm
How it's going redevo? please continue with PnF...
  • #70
  • Jan 2, 2011 1:10am Jan 2, 2011 1:10am
Quoting johnvr
Interbank FX have changed to 5 decimals from 4 and now this indicator does not work correcly anymore, any ideas where we can find one that works with 5 decimals?
My guess is simply scale up box size by 10. I use box size of 50 for 5 pips which works fine.

This is new to me & looks interesting to monitor breakouts.
  • #71
  • Jan 2, 2011 1:25am Jan 2, 2011 1:25am
Quoting cobraforex
There is no such thing, it's the multiplier that you set to 1 in the indicator properties.
Can someone enlighten us on the significance of the Multiplier setting? i.e. How does it affect the P&F charts?
  • #72
  • Jan 2, 2011 10:44am Jan 2, 2011 10:44am
Quoting pips2win
Can someone enlighten us on the significance of the Multiplier setting? i.e. How does it affect the P&F charts?
Think I have work it out.. please correct me if I am wrong.
The "multiply factor x box size" is the "reverse amount" of price movement, a threshold, required to initiate plotting the reverse column.

So it don't make sense setting it to 0, as somebody found it hangs up! The software may not have consider this as an error entry.
  • #73
  • Edited 11:23am Jan 2, 2011 11:01am | Edited 11:23am
Quoting Arilou
Hi Alfa,

The PF chart looks differently on different timeframes because it is calculated based on the actual candles. Time is eliminated for some degree, but not the timeframe. Please read the link provided before to see how a PF charts is plotted. It does use the candles.

On a larger TF you will see longer blocks, but they are probably not built gradually, but appear at once. On the other hand, on smaller TF-s large blocks will probably not appear so suddenly, but the chart wil have much more whipsaws.
What is said here does make sense to me. If I remember correctly, MT4 stores data for each Time Frame (TF) in different arrays. I believe the P&F charts are constructed directly from such data arrays. That's why there are more columns on smaller TF while higher TF has less in comparison.

If the software monitors live data feed for plotting then all TF should look the same. But we depend on historical data to plot the charts on different TF.. so this is unavoidable.
  • #74
  • Mar 17, 2016 6:47am Mar 17, 2016 6:47am
Is anyone still using Point and Figure charts? Please let me know.
  • #75
  • Mar 17, 2016 12:54pm Mar 17, 2016 12:54pm
Quoting swetrader
Is anyone still using Point and Figure charts? Please let me know.
I do.
  • #76
  • Mar 18, 2016 4:53pm Mar 18, 2016 4:53pm
Quoting metta87
{quote} I do.
How do you find trades? What is your strategy? How is your results?
  • #77
  • Mar 22, 2016 8:41am Mar 22, 2016 8:41am
Quoting swetrader
{quote} How do you find trades? What is your strategy? How is your results?
I trade point and figure reversal box set to 1 with martingale. I can not share much about my strategy since im still in the testing phase on demo. My results are not bad but since im using martingale im trying not to be too optimistic.
Why are you interested in point and figure by the way ?
  • #78
  • Mar 22, 2016 5:08pm Mar 22, 2016 5:08pm
I'm on a demo account and I'm trying to find a good strategy. I've taken two trades on Crude oil with P&F charts, both profitable.
  • #79
  • May 23, 2016 8:56pm May 23, 2016 8:56pm
Hey. Original poster here. I no longer use point and figure charts and I suggest not wasting too much time on so called technical analysis. It can be much more profitable to look at the fundamental factors affecting exchange rates and try to figure out in which direction a currency pair should go in the next 6-12 months and then build an equity millipede. Technical analysis(candlestick formations) can be good for entering trades but it's probably best to have some fundamental factors supporting your trade. For example selling EUR/USD due to diverging monetary policies.
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #80
  • Last Post: May 24, 2017 2:51pm May 24, 2017 2:51pm
Quoting Gambler180
{quote} Here is a real renko indicator. Edit: I can see that the boxes changes when the timeframe is changed. Does someone know how to fix this? Renko should only be based at price action. {file} {file}
Please recommend the box size for trading major pairs Eurusd usdjpy gbpusd Eurgbp
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