PointFigureKagiCharts
49 USD
Demo downloaded:
39
Published:
26 January 2021
Current version:
1.3
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Please find more explanations in the blog post Volume delta analysis powered by custom symbols representing Point&Figure and Kagi charts.
One important thing to note: ReversalFactor identifies the reversal size in strict adherence to the wording: chart's direction changes only when the specified reversal amount is reached during price retrace. This implementation ensures ReversalFactor to behave consistently between PnF and Kagi methods, which are both supported in the single product. But this differs to classical PnF implementations, which implies 1 additional empty box (gap) of price movement at the beginning of every column. This gap is not counted in the reversal amount.
To get equivalent charts while transferring settings from other PnF products, please, adjust the former reversal amount by adding 1 to get ReversalFactor. For example, classical 1 box reversal requires to set ReversalFactor = 2.
ReversalFactor = 1 makes sense for Kagi only.