Point and Figure Charts? - page 3
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Though I do not use Point & Figure charts myself, I implemented P&F as an offline chart on request. But I would appreciate some advice on its construction.
1x3 chart means, that a reversal candle appears, when price retraces by 3 boxes. But all the hand-made charts I could see actually showed always reversal candles with minimum of 3 boxes rendered, while mine has 2 boxes often (1 box is always spent for the new candle offset). Does that mean, that 1x3 actually requires a retrace by 4 boxes?
Is any P&F trader around?
The mystery has been resolved, please ignore my two entries above.