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![]() | Point and Figure Software for Forex and Commudities / Please Helps Point and Figure is an important part of my method. For stock trading I use an excellent software which named “Bull’s Eye Broker”. Unfortunaly, this software don’t support realtime data feed and only support EOD data in which I also begin to trading forex now. If you know, please kindly introduce to me software which support Point&Figure, realtime data feed. It is more excellent if it also support Wyckoff Point& Figure chart Many many thanks for your helps the bellow is short desciption about Wyckoff Point&Figure The Wyckoff method is a special type of point & figure chart. It uses a single box reversal instead of the more common three-point reversal. It also varies from the standard point & figure chart because it can contain both X’s and O’s in the same column. This will occur whenever there is only a single entry made in a column. For example if we had a single X in a column followed by 3 O’s, the O’s will be displayed in the same column as the X. In a Wyckoff chart there must always be more than one entry in a column. Let's take an example. The box size for these values is $1.00. Note that a Wyckoff chart can also use high and low data, but for clarity we have selected closing price data only. Date Day Close 10/02/98 Tue 55.00 11/02/98 Wed 57.00 12/02/98 Thu 56.00 13/02/98 Fri 57.00 16/02/98 Mon 58.00 17/02/98 Tue 59.00 18/02/98 Wed 56.00 19/02/98 Thu 57.00 20/02/98 Fri 56.00 23/02/98 Mon 57.00 24/02/98 Tue 56.00 On 11/02/98 the chart rose from $55 to $57. This resulted in 3 X’s being plotted in the first column. The very next day there was a pull back of one box to $56. Because we are using a one-point reversal, we move to the next column and plot the single O. The next day the price rises again to $57. This again is a reversal, however we do not move to the next column because we have only made one entry in the current column. The upward movement continues until the chart reaches $59 on 17/02/98. Continuing to plot the data in this fashion will produce the chart below: $60.00 $59.00 X $58.00 X O $57.00 X X O X X $56.00 X O O O O $55.00 X Other than the two requirements described above, the Wyckoff point & figure chart uses the same principals as a standard three-point reversal chart | ||
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![]() | Re: Point and Figure Software for Forex and Commudities / Please Helps | ||
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