Hi Traders,
recently I read a book of John J. Murphy - Technical Analysis of the Financial Markets.
There's is a fascinating chapter about point and figure charts. 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 on 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 enough
This russian code seems to work but it has a strange behavior. Attached you'll find the one I've found. To be honest - I don't understand what this indi is doing on the chart.
Then it was told, that VT Trader offers point and figure charts. Okay, made a download - and was a little disappointed. The look back period on that demo was not worth to call it as look back.
Now back again at FF with a request: Is there someone out there who's using point and figure on MT4 and is willing to share the code or indicator with us?
Thanks
Freewheelin
recently I read a book of John J. Murphy - Technical Analysis of the Financial Markets.
There's is a fascinating chapter about point and figure charts. 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 on 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 enough
This russian code seems to work but it has a strange behavior. Attached you'll find the one I've found. To be honest - I don't understand what this indi is doing on the chart.
Then it was told, that VT Trader offers point and figure charts. Okay, made a download - and was a little disappointed. The look back period on that demo was not worth to call it as look back.
Now back again at FF with a request: Is there someone out there who's using point and figure on MT4 and is willing to share the code or indicator with us?
Thanks
Freewheelin
Attached File(s)
X_O_serg153xo.mq4
5 KB
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1,991 downloads
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