Point and Figure pattern indicator | Forex Factory

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Point and Figure pattern indicator

  • #1
  • First Post: Edited Feb 10, 2020 12:14pm Dec 9, 2015 5:48pm | Edited Feb 10, 2020 12:14pm
Hello,
I hope that Im not the only one using those charts here because i need some help.
I ve been using Point and figure chart (PnF)to display price for close to 3 years now. Basically my pnf charts are always set on 1 box reversal so they always look like this :
Attached Image (click to enlarge)
Click to Enlarge Name: pondfi.png Size: 94 KB

This is a 7 pips pnf chart with one box reversal.Its on a 1 minute timeframe.pnf should always be on 1 minute chart. So everytime prices dances 7 pips, a box appears. Its kinda similar to renko but it shows every price movement trend/onsolidation. Basically its just alternating columns of UP and DOWN over and over.
So what im looking for is an indicator which will find pre-defined patterns. On the chart for example the last 7 boxes are S-S-S-B-S-B-S.
So if i enter this sequence, the indicator should be able to find it everywhere it appears. Also the lenght of the sequence can be between 2 and 20 so it could be :
B-B-B-B-B-B-B OR S-B-S-S-S-S-S-S-S-S-B-S-S-S-S-B-B-B; Im using different types and lenghts of sequences depending of the time i enter in the market.
That is all.since im not a coder myself, I wish its possible to create such an indy and i will be glad if some one can help. Thanks.
Im attaching the pnf indicator below.Its not mine,its free and its called cute pnf.
Attached File(s)
File Type: zip Cute_PnF_indicator_v1.1_for_5_digits_MT4 (2).zip   235 KB | 2,055 downloads

Edit: trying something different in 2020, I'm currently playing with bw fractals and pob
  • #2
  • Dec 12, 2015 10:34pm Dec 12, 2015 10:34pm
Anybody wanna give it a try ?
  • #3
  • Dec 12, 2015 10:52pm Dec 12, 2015 10:52pm
I used the paid version of "cute" a few years ago. Your chart looks a little strange - maybe it's your box size or reversal. I have not seen a traditional pattern indie for P&F charts for forex, but they are around for stock charts. Stockcharts.com comes to mind. If you are using traditional patterns - they are easy to see with trend lines and a bit of knowledge. I'm really not sure what you are trying to do.
  • #4
  • Dec 13, 2015 12:13am Dec 13, 2015 12:13am
Quoting profitkeeper
I used the paid version of "cute" a few years ago. Your chart looks a little strange - maybe it's your box size or reversal. I have not seen a traditional pattern indie for P&F charts for forex, but they are around for stock charts. Stockcharts.com comes to mind. If you are using traditional patterns - they are easy to see with trend lines and a bit of knowledge. I'm really not sure what you are trying to do.
Yeah it looks like this cause of the reversal. I dont know about traditional patterns, they dont seem to have any edge in my opinion. Im just trying to do something a lil bit different with pnf.But how did you find the paid version of it ?
  • #5
  • Dec 13, 2015 2:39pm Dec 13, 2015 2:39pm
Just go to the author's website: www.forexpnf.info There is more info there. I have version 1.3 and I prefer X and O layout. I have daytraded with settings of 5,2. using the basic long and short signals, trendlines and a moving average thrown in. It works well. I could post a trade from Friday on EA if you want.
  • #6
  • Dec 13, 2015 3:03pm Dec 13, 2015 3:03pm
Quoting profitkeeper
Just go to the author's website: www.forexpnf.info There is more info there. I have version 1.3 and I prefer X and O layout. I have daytraded with settings of 5,2. using the basic long and short signals, trendlines and a moving average thrown in. It works well. I could post a trade from Friday on EA if you want.
Nah im cool with the free version as i dont really use indicators. Thanks nonetheless.
  • #7
  • Edited 4:21pm Dec 13, 2015 3:20pm | Edited 4:21pm
Thought I would post the trade anyway
The actual P&F trade is on the attachment (from different computer). I put up the M15 chart to show where the trade came from.
Attached Image (click to enlarge)
Click to Enlarge Name: PnF.jpg Size: 95 KB
Attached Image
  • #8
  • Dec 13, 2015 4:20pm Dec 13, 2015 4:20pm
Quoting profitkeeper
Thought I would post the trade anyway The actual P&F trade is on the attachment (from different computer). I put up th M30 chart to show where the trade came from. {image} {image}
Nice trade profitkeeper, was it a scalp ?oh and One question unrelated tho, have you ever tried to put the reversal to zero ?
  • #9
  • Dec 16, 2015 4:42pm Dec 16, 2015 4:42pm
Hello FF,
is what im asking at least possible ? I know doing this work can take a lot of your time but its kinda impossible to do it manually, so yeah i need your help guys. Thanks.
  • #10
  • Dec 16, 2015 5:30pm Dec 16, 2015 5:30pm
Quoting metta87
Hello FF, is what im asking at least possible ? I know doing this work can take a lot of your time but its kinda impossible to do it manually, so yeah i need your help guys. Thanks.
Hi metta87,

I checked the output of the indicator. In order to access to the Cross/Circles, one has to go through the objects of the chart and do a rather hard work in order to do what you ask for. In short, it is possible, but not trivial at all.

Best,
Math
Trading is the hardest way to make easy money...
  • #11
  • Dec 16, 2015 5:37pm Dec 16, 2015 5:37pm
Quoting MathTrader7
{quote} Hi metta87, I checked the output of the indicator. In order to access to the Cross/Circles, one has to go through the objects of the chart and do a rather hard work in order to do what you ask for. In short, it is possible, but not trivial at all. Best, Math
Thanks a lot Mathtrader, its good at least to know that it is possible.
  • #12
  • Dec 23, 2015 12:54pm Dec 23, 2015 12:54pm
Quoting MathTrader7
{quote} Hi metta87, I checked the output of the indicator. In order to access to the Cross/Circles, one has to go through the objects of the chart and do a rather hard work in order to do what you ask for. In short, it is possible, but not trivial at all. Best, Math
Another question if you dont mind, where/how to start if i wanna learn how to program/code it myself ? i dont have programming experience but im willing to start learning.
  • #13
  • Dec 23, 2015 3:39pm Dec 23, 2015 3:39pm
Quoting metta87
{quote} Another question if you dont mind, where/how to start if i wanna learn how to program/code it myself ? i dont have programming experience but im willing to start learning.
If you want to learn MQL4 language by yourself, you can start by looking at the following free tutorial,

http://book.mql4.com/content

Best,
Math
Trading is the hardest way to make easy money...
  • #14
  • Dec 26, 2015 3:33am Dec 26, 2015 3:33am
Quoting MathTrader7
{quote} If you want to learn MQL4 language by yourself, you can start by looking at the following free tutorial, http://book.mql4.com/content Best, Math
thanks a lot math.
  • #15
  • Dec 31, 2015 3:52pm Dec 31, 2015 3:52pm
hi guys, its me again, can aynbody please help me with a pending orders grid ea. Basically the orders will follow a ten levels martingale and the way i see it, i specify the levels where my pending orders will sit (1.xx80) with tp and sl levels also specified. if tp hit, all pending orders cancelled, if sl is hit then the next pending order is activated with twice the size of previous and so on until last order. I need to enter manually the level of my orders entry and exits. Last but not least, all pending buy orders will get triggered only at the bid because i wanna avoid price getting accidentally triggered by the spread. This is a simplified version of what i asked in the 1st post, i hope its also easier to code and that someone will help. My english isnt too good so if you have questions please ask. Thanks.
  • #16
  • Edited 4:33pm Feb 10, 2020 12:06pm | Edited 4:33pm
Point o bars+ bw fractals+ martingale, I ll post some charts later.
Pob 3 pips
Martingale 3 steps
Most fractals happen like this : up-down-up-...
In the transient thread it was said by northtrader that the % of 2 or 3 up fractals in a row is very low ( same for down)
https://www.forexfactory.com/showthr...26#post7881726
  • #17
  • Feb 10, 2020 12:32pm Feb 10, 2020 12:32pm
I ve asked the mods to switch the thread from platform tech to journals. Thx
  • #18
  • Feb 10, 2020 1:31pm Feb 10, 2020 1:31pm
most recents fractals on pob 3 pips

current trade, buy, will use 3 steps martingale.
If sl get taken, i ll enter on the next up bar
basically im betting that the next bottom fractal will happen shortly,
wont be wrong 3x in a row
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pob1.png Size: 157 KB
Click to Enlarge Name: pob 2.png Size: 106 KB
Click to Enlarge Name: pob 3.png Size: 93 KB
  • #19
  • Feb 10, 2020 5:02pm Feb 10, 2020 5:02pm
Still waiting for tp or sl to get hit
  • #20
  • Edited 8:20pm Feb 10, 2020 7:23pm | Edited 8:20pm
exit at b.e on bottom fractal confirmation( 2nd up bar)
new signal, in again
Attached Image (click to enlarge)
Click to Enlarge Name: pob5.png Size: 92 KB
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