XO Indicators for MT4

Point and figure (P&F) is a charting technique, just like Candlesticks, Bar charts, Renko etc. and used in technical analysis to display price movement and market sentiment.

Point and figure charting does not plot price against time as time-based charts do. Instead it plots price against changes in direction by plotting a column of Xs as the price rises and a column of Os as the price falls and resembles "noughts and crosses".

Let's start with an oscillator version of the Point and figure called the XO.

XO - mtf & alerts - choosable symbol ( 2 in 1 )
This version of XO indicator with dual arrowing - alerts - mtf (non interpolated) - along with choosable symbol option