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[Feature Request] Simple Volume Profile for Point and Figure Charts
Seems like it would not be very hard to make a volume profile indicator for point and figure charts that just counts the number of X's and O's at a given price (or price range if not using ticks/pips/points etc.). The available volume profile indicators don't seem to work all that well with the PnF charts and this would be a neat little addition for all of us who like using them. The quantity could be displayed as both histogram and numbered amount at the right or left side of the screen. Thanks!
Firefox Loses Users and Websites: The highest point in the chart is 253,877,800 clients on January 28, 2019 and the figures for the consecutive high summer dates are: July 29, 2019 - 224,154,300 August 3, 2020 - 209,031,000 August 2, 2021 -196,327,000 so the trend is definitely going down.
These things breaking in Forex (Pound Sterling & Yen) could potentially create a narrative for crypto. Crypto is inherently outside of the system and while not immune to this volatility, having no say in financial alchemy of the traditional system is the entire point of Bitcoin and Ether. GLTA!!!
Are Tradingview's Point and Figure charts inconsistent?
I'm quite confused on point and figure charts. They're supposed to plot X's and O's without regard to time... so why do charting softwares allow you to change the time interval? This impacts the ATR which makes sense, but it doesn't just do that in tradingview. If you chart traditionally with the same box size, the time interval will still change how they look. They will skip some reversals and stack boxes on top of each other, making less rows than there should be on higher timeframes. This is a pretty huge problem because it can lead to inconsistent horizontal counts. If you have a low ATR and low interval set it can wildly overestimate a count compared to higher intervals.
Request for Wyckoff/Taylor 1X1 Point and Figure Chart Plotting
I would like to thank you for a great development team, relations team, and most of all those who use these tools through Pine Script and then freely share with others. My request to the development team is to add a Wyckoff style of 1X1 point and figure chart. It is a great tool for intraday usage. I will use a direct quote from the excellent book by Jeremy du Plessis, The Definitive Guide to Point and Figure: A Comprehensive Guide to the Theory and Practical Use of the Point and Figure Charting Method. “Consider now what happens if the price rises from 15 to 16 without first falling to 14. You need to plot an X representing 16, but you do not need to move to the third column to do this, because there is room above the O in the second column, shown by the shaded area in Figure 2-6. The chart therefore becomes Figure 2-7. 📷 Figure 2-7: Development of a 1-box reversal chart showing one-step-back Therefore, contrary to many beliefs, it is possible to plot an X and an O in the same column. The one-step-back is a powerful sign. When the price reverses by just one box, it may be the start of a correction or could just be a temporary aberration in the trend, so you need to wait for the next plot in the column to tell you whether the trend is going to continue from the previous column or whether it is a true reversal. If it is a temporary change, the price will reverse back and when it does, the next X or O must be plotted in the same column.” Course the box size and reversal size setting would remain the same, so this would require the team to change chart display methodology. Thanks for considering this thought, I think (maybe) others would like to have this option as well. The step back would only occur on a 1X1, 0.75X1, or lower number box size, and cannot occur on any size setting above 1. Thanks again db
A point-and-figure chart is a graphical representation of price movements that ignore the passage of time. A point-and-figure chart is a graphical representation of price movements that ignore the passage of time. They are not as popular as other forms of charts used in technical analysis, but they can be useful in certain situations. They were first developed in the 1890s by a man named Charles Dow. They are a series of X columns and O columns. The X's signify a price increase, while the O's represent a decrease. An X is added to the column every time the security's price increases by full box size. A new column is added when the security's price decreases by an equal or greater amount than the reversal size. Then, the first O in the new column is plotted 1 box below the last X of the previous column. A decline in price and a reversal to the upside follow the same rules. For example, a trader chooses a box size of 2 and a 3-box reversal (2x3 P&F chart). If the price continues to move up, X’s are added in a single column for every $2.00 increase in price. When the price declines by at least $6.00, the reversal is triggered and a new column of O’s is started with a first O plotted 1 box below the last X of the previous column. The size of the box and the reversal can be chosen arbitrarily. Different box sizes provide different perspectives on the price movement of a security. The smaller the size, the greater detail of price fluctuations is shown, and the larger the size, the more short-term action is omitted and a big picture is illustrated. Reversal size follows the same logic and the most commonly used sizes are 1, 3, and 5. Also, as was already mentioned Point and Figure charts do not take time into consideration and only plot price movements that follow the rules described earlier. Thus, it could take any period for a new box to be plotted (e.g. hours, days, weeks). A greater amount of plotting may be needed when there is an active market period and less plotting will occur in a quiet market. The most significant advantage of point-and-figure charts is that they help determine critical support and resistance levels since they focus on the number of price swings that occur in a particular congestion space. And while volume is not explicitly shown on the point-and-figure chart, it is not completely lost. Intraday point-and-figure charts record all price change activity, the heavier or lighter volume are reflected in the number of price changes recorded on the chart. And since volume is one of the most important elements in determining support and resistance levels' strength, point-and-figure charts become especially useful when examining at which price levels the most trading takes place. https://preview.redd.it/e00ktwpd1vs81.png?width=8000&format=png&auto=webp&s=726117be2d32fc89d1d4d75167ac57d69f980425 https://preview.redd.it/zhemneu51vs81.png?width=8000&format=png&auto=webp&s=0f79cf5944e35ced6888879f540fcbebf4859f87 As we can see from the explanations and examples, point-and-figure charts are very useful in stock market trading. They help traders to identify changes in price trends that may indicate reversals or continuation of those trends.
up 13.10% this week. i'll probably break even next week. started trading forex mid march of 2018. took me a long time to figure out my strategy. Was down almost $1k at one point now im $64 from breaking even. shyt success is almost at hand...
Following features are needed specific to Point and Figure Charts to make TV amenable to trading on PnF charts:
Ability to scale as per % price values. For example, I should be able to see charts at 0.05%, 0.15%, etc.
45 deg TLs from major Tops and Bottoms (both extendable and non-extendable) ... the current angle line doesn't work well with compression of boxes, magnification of chart, etc.
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Open to anything about the chart! :) Me and Blue have been in a relationship for a year now and recently we have been going through issues. He can be very inconsistent at times but I still love that he try’s to work through issues. Is there anything that stands out or any key points Good or bad.
These things breaking in Forex (Pound Sterling & Yen) could potentially create a narrative for crypto. Crypto is inherently outside of the system and while not immune to this volatility, having no say in financial alchemy of the traditional system is the entire point of Bitcoin and Ether. GLTA!!!
Whay are Point and Figure charts so underdeveloped?
Why cant i plot p&f charts as per the low/high method? Only high/low and close methods are available. Further why arent there tools to accurately and graphically plot and track counts on such charts. I get people like using candlestick and you shall make that a priority but bring some improvements to p&f charts. Ill get down and suck your [email protected] if you do.
I did a chart that connects the development of every Zeon (Chart 1) and non-Zeon (Chart 2) Mobile Suit and Mobile Armor. I am planning to eventually combine them into a single chart and make charts for the AUs, and hopefully connect them. Please point out any issues, as I awkwardly used wiki.
I am a day trader who trades forex been doing it since I was 18 I’m 23 now looking for something more I’m doing well have 6 figure portfolio but I want a steady income. I’ve been looking into this am I wasting my time? I have no college education but I know a lot financially.
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OANDA Using P&F (Point and Figure) Charts in Forex Trading
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