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singalong66  

hello


is there any way to input the pip amount for a reversal of trend in the P&F chart?  

Kourosh Hossein Davallou  
singalong66 #:

hello


is there any way to input the pip amount for a reversal of trend in the P&F chart?  


📊 Point & Figure Pattern Analyzer: A Step-by-Step Guide

🎯 Step 1: Setting the Box Size

Two Methods Available:

Method A: Manual (Simpler for Beginners)

Instrument Box Size Typical Range
Forex 20 -
Gold ($) 3 -
Gold (pips) 500 -
EURUSD - 15-30 pips
GBPUSD - 20-40 pips
XAUUSD - 300-700 pips (or $3-7)
Bitcoin - $100-300

Method B: Automatic (ATR Based)

  1. Click the ATR button

  2. Select "Current" option (calculates based on timeframe)

  3. Choose timeframe (M1 or D1 for different calculations)


🔍 Step 2: Activating Pattern Mode

  1. Click the [Pattern] button to activate

  2. Three sections will appear:

    • Pattern definition (Win/Loss)

    • Pattern count statistics

    • Hourly pattern occurrence table


 Step 3: Defining WIN Patterns

Define your winning patterns with intuitive controls:

  • Four button sets for pattern definition

  • Color-coded bullish/bearish patterns

  • Real-time calculation on button press


Practical Example: Drop & Reversal Strategy

Scenario: Buy when price drops $9 then rebounds $6, target $9 profit

Calculations (Box Size = $3):

Action Amount Boxes Color
Drop $9 9 ÷ 3 = 3 boxes 🔴 Red
Rebound $6 6 ÷ 3 = 2 boxes 🟢 Green
Target $9 9 ÷ 3 = 3 boxes 🟢 Green


 Step 4: Defining LOSS Patterns

Analyze losing scenarios:

  1. Complete bearish move (3 red boxes = $9 loss)

  2. Failed reversal (initial gain then larger loss)


📈 Step 5: Real-time Market Monitoring

Comprehensive market overview with pattern tracking:

  • Live chart with pattern indicators

  • Visual pattern recognition

  • Real-time alerts


📊 Step 6: Progress Tracking

Visual progress bar showing performance metrics:

  • Win/Loss ratio visualization

  • Pattern completion status

  • Historical performance


Example: 20 wins vs 32 losses


 Step 7: Time-based Analysis

Histogram showing pattern frequency by hour:

  • Peak pattern hours identified

  • Win rate by time slot

  • Optimal trading hours analysis


*Peak activity: 16:00-17:00 with highest win rate at 17:00*

Chart Visualization

Color-coded pattern starts on main chart for easy identification: