This is one of my first indicators. Slightly improved.
The indicator is based on point and figure chart, but their period is equal to ATR indicator values.
- ATRPeriod - ATR period for calculation of steps.
Note: The indicator uses closes price, thus it is recommended to consider completed bars.
There is a more visual, with the display of lines on the chart and alerts, paid version of XOatrline
Removed irrelevant settings.