Point and Figure Charting Indicators Released on Metatrader 4 Mt4 users will now be able to use specialized chart types within Metatrader 4 platform to technical analysis. The new market perspectives gained from using these charts will improve their market analysis. It could be a helpful tool to analyze the forex market, and powerful too because no one uses them.Well, I made a research on FF and strategybuilderfx.com and forex-tsd.
But unfortunately it seems that there is no script or indicator (call it as you like) for point and figure charts to use ahd MT4. I found one, but the manual for that indicator was in russian. Okay, I learned some russian decades ago - but it seems it was not enoughThis russian code seems to work indcator it has a strange behavior. Okay, made a download - and was a little disappointed. Hi all, i have updated forexpnf.info blog a little bit.
There will be two customizable moving averages (look at the picture tigure. Cute Point and Figure. Hi. Something is wrong for the indicator. New version with independent control of the X and O colors. I also noticed the display getting messed up when each new bar formed on the main display so I fixed that. RYou can change Box size (in pips) and Reversal amount (in boxes).
Hi wintelligent,You loaded indicator and nothing happened. Then look what is written in Expert tab in Terminal window. Maybe this helps.Or point and figure metatrader indicator coding see this picture:Default viewThen shrink chart Vertical scale (click to price area and shrink) and after that:Shrinked. I wrote it someone on this site on russian but i will wrote it on metattrader one morMarket Trend Current market trend can be easily identified on a point and figure chart.
If chart is showing current market is in the up column, market is uptrend.If market is in the down column, market is in the downtrend. No guess work is required. Chart Analysis Trend line analysis on support and resistance is applicable to point and figure chart too.With much of market noise reduced, a point and figure chart will easily identify major support and resistance levels for which potential breakout can be traded.
And there you also have your answer - too time consuming. If you really want this coded, there are at least half a dozen coding experts on this forum who will do it for a price.
Point and figure metatrader indicator coding