Price Based Point and Figure
Chart
Description - Click here to view the full size chart
- Point & Figure comes to NinjaTrader! Once you identify your "box" size (number of ticks price must retrace before a new signal is generated), the indicator prints an arrow on the chart. There are several advantages to using P&F charts:
- Eliminate insignificant price movement
- Remove misleading effects of time from the analysis process
- Make recognizing support/resistance levels much easier
- Clear trend line recognition
Key Features
- Box Size - Number of ticks needed triggers an arrow.
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