New article: Indicator for Point and Figure Charting
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New article Indicator for Point and Figure Charting is published at mql5.com:
There are lots of chart types that provide information on the current market situation. Many of them, such as Point and Figure chart, are the legacy of the remote past.
This chart type has been known since the end of the XIX century. It was first mentioned by Charles Dow in his Wall Street Journal editorial written on July 20, 1901 who labeled it the "book" method. And although Dow referenced the "book" method as far back as 1886, he was the first to officially set down its use to this day.
Author: Dmitriy Zabudskiy