Improved P&F charts
Hi,
As a big fan of P&F charts, they should be treated as they were designed.
These charts were designed to be rasterized on graph paper, so it would be great, if PTMC can mimic that. Trend lines are always 45°/135° and the points and figures should be scaled proportionally.
There should also be the graph paper grid, as you cannot create such a grid, because there is no option to set the starting point of the grid. This will also enable printing it, so it's like drawing it on real graph paper (yes, some traders still do that ;-)).
Add the ability to enter numbers and letters for the months in the boxes.
It's easy to code a pattern scanner for these charts, but providing one would be a nice to have, as there is already a candle/bar pattern scanner in PTMC.
Just make PTMC the best P&F charting platform ;-)
Here is an example, how it should look:
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Daniel 20.06.2017
I too like to use Point and Figure charting and would love to see an update to the pnf tools for Pro Trader. One other software which could give great ideas to the developers for features is a program called Updata Analytics. There are some very powerful features possible such as auto target calculating based on vertical counts, or horizontal counts, plus auto trendline drawing. Attached picture shows an example. The auto targets have a good accuracy and could make a great addition to the program. Another feature for PnF which would be a great addition is the ability to draw boxes on a Log % scale, as opposed to simply a linear scale.
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Bogdan Alexey 20.06.2017Absolutely agree with you and with BeardPower. P&F is important enough charting, so we decided to pay attention to it. We already start working and I dont see any reasons why we can not implement all this features.
Thank your for participation!
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BeardPower 20.06.2017
:D
Yeah, Updata claims to have the best P&F charts out there.
The chart shot/scaling above is MarketDelta, which also offers nice P&F based on Ticks and Price. They also have the option to disable one-step-back.
