Does anyone know of, or can code, a point and figure indicator with volume built in? Something like what Testa is doing in section IV of Chapter 5.
If we could get an idea of how much volume is transacted horizontally in this P&F format, rather than vertically in the traditional candlestick format, we would be able to visualize how much demand/supply is coming in at certain S/R levels.
I am picturing each P&F box would be assigned a progressively darker colour as volume increases.
Chngster
PS. Here is the standard P&F indicator I use.
If we could get an idea of how much volume is transacted horizontally in this P&F format, rather than vertically in the traditional candlestick format, we would be able to visualize how much demand/supply is coming in at certain S/R levels.
I am picturing each P&F box would be assigned a progressively darker colour as volume increases.
Chngster
PS. Here is the standard P&F indicator I use.
Attached File(s)
Thank you Crucial Point, Bleek, Trizzle, Darkstar
