You can change Box size (in pips) and Reversal amount (in boxes). Any timeframe, any pair.
By default: green mean “X” and red “O”.
For Better viewing use line graph and change from chart properties (F8) line graph color to “None”.
Bug report: If you refresh chart by adding older bars, then you need reload indicator (i.e switch timeframe and back). If anybody knows solution, you are welcome.
P. S. Point & Figure charts works well with gann lines. In Picture 1 is Gann fan with scale 5.0.
P. P. S. WTF is Point & Figure
1. Copy “Point & Figure indicator.mq4” file to C:/Program Files/MetaTrader4/experts/indicators folder
and restart your MetaTrader.
2. Open Navigator/Custom Indicators panel and drag the indicator named “Point & Figure indicator.mq4” to the
chart of any currency pair.
Click to Download: XO
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