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
Forex Buy and Sell Indicator is better and safe strategy Indicator for Forex trading.
Its very important to understand forex news and market movement.
Please read Installation And User Guide Of “Forex Pips Magnet Indicator” carefully do not skip any single page.
Before using indicators first use it on demo account , keep update yourself and analysis it to use live account (Micro).
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