PDA

View Full Version : Point and Figure Charts



Cakxttt
07-04-2025 19:25,
Hi Traders,

Lately I read a Publiion of John J. Murphy - Technical Analysis of the Financial Markets.

There's is a fascinating chapter about point and figure charts. It might be a beneficial tool to examine the FX market, and powerful too because no one uses them...

I made a study onforexforum.co.zaand egybuilderfx.com and forex-tsd. But unfortunately it seems that there is not any script or indior (call it as you prefer ) for point and figure charts to use on MT4. The manual for that indior was in russian, although I found you. Alright, I learned some russian decades back - but it seems that it was not enough
This russian code seems to work but it has a strange behaviour. Attached you'll find. To be fair - I don't understand what this indi is performing on the chart.

Then it had been advised , that VT Trader provides point and figure charts. Alright, made a download - and was a bit disappointed. The return period on such demo was not worth to call it back.

back again atforexforum.co.zawith a petition: Is there someone out there who's using point and figure on MT4 and is prepared to share the code or indior with us?

Thanks


https://www.forexforum.co.za/attachments/1518559933284185737.mq4