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2006.10.16 11:46
Point & Figure Charts

Point & Figure Charts - indicator for MetaTrader 4

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Point & Figure Charts (P&F) differ from normal price charts through that they fully ignore the time values and only show changes in prices. Instead of showing prices at Y axis and time at X axis, the P&F charts show price changes in both axes.

In these charts, "X" (the cross - the red check) is drawn when prices increase by a certain basic value (RazmBox), and "O" (the outh – the yellow check) when prices decrease by the same value. Note that neither Xs nor Os are drawn if prices have increased/decreased by a value under this certain basic value.

Every column drawn can contain either crosses or ouths, but not both elements. To switch between columns (for example, from crosses column to the ouths column), the price must change by a certain value in the opposite direction. Change of column means change of the pricing trend.

To hide price charts, it is necessary to set up the background color in the chart window properties (the "Properties" command in the chart window context menu – the "Colors" tab), in fields "Bar Up:", "Bar Down:", "Bull Candle:", "Bear Candle:" and "Line".

Parameters

RazmBox - base value.





Last comments | Go to discussion (6)
MQL4 Comments
mql4_comments | 19 Nov 2007 at 10:03
jnrtrading:
Just change the price to a line chart then you don't have to change the bar colours; plus you don't have big white gaps in the grid. Just change the colour of the line chart to the same colour as the background.
MQL4 Comments
mql4_comments | 19 Nov 2007 at 10:04

Have tried this PnF and it appears ok if somewhat limited

But how the hell do you get rid of it, when you dont want it on a chart anymore ?

MQL4 Comments
mql4_comments | 20 Dec 2008 at 07:31

Hi I am a bit after the time but am glad to find a P&F mq4 which works. How can I change the reverse value ie if box size is 5 how do I get a 3 box reverse ie at 15 rather than 5

My email noranross@tadaust.org.au

Thanks Ross

MQL4 Comments
mql4_comments | 31 May 2010 at 11:44
noranross:

Hi I am a bit after the time but am glad to find a P&F mq4 which works. How can I change the reverse value ie if box size is 5 how do I get a 3 box reverse ie at 15 rather than 5

My email noranross@tadaust.org.au

Thanks Ross


I wrote it on russian but i will wrote it on english :)

Point and Figure Indicator with date showing and reverse+box customization is here 

 


MQL4 Comments
mql4_comments | 20 Sep 2010 at 06:31

"To switch between columns (for example, from crosses column to the ouths column), the price must change by a certain value in the opposite direction"


and that certain value is the RazmBox value ?? ... lets say the RazmBox value is 10 then it will draw cross if the price moves up 10 pips and draws a outh when the price moves down by 10 pips ???