Before Forex I was tall, and clean shaven. Now I am an Ewok.
- | Joined Mar 2007 | Status: Member | 756 Posts
If slaughterhouses had glass walls, everyone would be a vegetarian!
Point and Figure Charts - Who does them? 2 replies
Point and Figure Charts 10 replies
Point and figure charts 9 replies
Point and figure charts 7 replies
Point and figure charts 7 replies
DislikedHiya, have been wanting to start learning P&F. Mr. Wyckoff used these for intra-day trading I believe. Am I correct in assuming that we would buy or sell on these lines? One more question if I may, does anyone have/know of any reference materials for P&F trading? Thanks!Ignored
DislikedInterbank FX have changed to 5 decimals from 4 and now this indicator does not work correcly anymore, any ideas where we can find one that works with 5 decimals?Ignored
DislikedCan someone enlighten us on the significance of the Multiplier setting? i.e. How does it affect the P&F charts?Ignored
DislikedHi Alfa,
The PF chart looks differently on different timeframes because it is calculated based on the actual candles. Time is eliminated for some degree, but not the timeframe. Please read the link provided before to see how a PF charts is plotted. It does use the candles.
On a larger TF you will see longer blocks, but they are probably not built gradually, but appear at once. On the other hand, on smaller TF-s large blocks will probably not appear so suddenly, but the chart wil have much more whipsaws.Ignored
DislikedIs anyone still using Point and Figure charts? Please let me know.Ignored
Disliked{quote} How do you find trades? What is your strategy? How is your results?Ignored
Disliked{quote} Here is a real renko indicator. Edit: I can see that the boxes changes when the timeframe is changed. Does someone know how to fix this? Renko should only be based at price action. {file} {file}Ignored